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Bank guarantees and Letters of Credit

garancii_akreditiviD Commerce Bank AD grants bank guarantees and letters of credit in different currencies issued in favour of beneficiaries in the country and abroad.

When a letter of guarantee is cash secured, the Bank accrues interest on the deposited amount. The basic advantage is that the customer receives income, several times bigger than the fee for issuing of the letter of guarantee.

With other types of collateral credit investigation regarding the customer’s paying capacity is made which is similar to the credit deals but with a minimum number of documents.