With our best creditworthiness and experience, VIB Bank has been the best provider of bank guarantee used in successful trade transactions both nationally and internationally.
1. Domestic Guarantee
Your benefits
- Free advisory service on the best type of guarantee from our professional and devoted staff.
- Benefit a wide range of competitive and various charges and commissions.
- With VIB Bank’ famous trademark, not only your prestige will be certainly improved, but also your business operation.is successful.
- Competitive and affordable deposit
- Prompt and convenient procedures.
Service features
* Contract Executing Guarantee
Nothing is worth worrying even in the case you (seller) totally or partially fail to fulfill seller’s obligations required in the contract. With VIB Bank’s Contract Executing Guarantee, all the obligations are surely covered.
* Bidding Guarantee
Are you in preparation of a bidding package or showing a strong commitment to realize customer’s obligations in a project bidding? Come to our Bidding Guarantee! Our Contract Guarantee enables you with favorable conditions and creditworthiness in a bidding transaction in which a bank’s guarantee is compulsorily required by contractors.
* Payment Guarantee
In order to access to sales in term or other post-paid services, or have your taxation delayed for a limited time, you (buyer) only have to inform your partners that the payment is guaranteed by VIB Bank.
* Loan Guarantee
VIB Bank stands among the most creditworthy bank in terms of lending long-term big loan or foreign loan for which a bank’s guarantee is strictly required.
* Repayment Guarantee
The obligation to repay the advance (advance or deposit) of buyer is ensured by VIB Bank’s Repayment Guarantee pursuant to the contract signed by the guaranteed (seller) and buyer (client).
Service Instruction
Documentations:
- Application for Guarantee (VIB Bank’s form is required)
- Corporate legal documentation
- Financial and operational documentation
- Other related documents (bidding documentation, economic contract, contract awarding, minutes of acceptance and tax notification)
- Guarantee Commitment documentation.
2. Foreign Guarantee
With two kinds of guarantee provided, VIB Bank will, on behalf on you, show a strong commitment to your partners on goods or service payment in the case you violate the agreed obligations.
Contact
For your further information, feel free to contact any VIB Bank’s branch at your most convenience, or call to our Call Center at (04) 942 6919, (0511) 65 2743, (08) 821 7686