State counter guarantee

 

We cover up to 80% of the banking guarantee letters issued by the commercial banks for infrastructure development projects, public utilities, support of research-development activities, environment protection, human resources, SME development etc.

OBJECT

– Letter of banking guarantee: bidding participation, advance payment reimbursement, good execution etc.

– Guarantees facility, hereby named LBG

BENEFICIARIES

 – Banks issuing LBG

COVERED RISKS

 – Risk of non payment of LBG in case of its execution following the un-fulfilment of contractual obligations or tender book provisions.

 

contra

 

 


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COMMERCIAL BANK
STATE FUNDS