Bank Guarantees

A written irrevocable undertaking issued by the bank to pay to the beneficiary a specific sum of money on demand in the event that its customer (applicant) has not fulfilled his contractual obligations, within the validity of the guarantee.  Guarantees can be local or foreign. It helps to ensure that customers meet their performance obligations under contracts with their clients.  Accessible to Equity Bank customers who require a guarantee/bond from the bank.

 


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