As a business owner, you also have the opportunity to apply for a bank guarantee at VCB Bank for the purpose of doing business with a business partner.
The grant of a bank guarantee implies that the bank binds itself to pay the amount indicated in the guarantee, upon first request, to your business partner. The payment occurs by order and to the account of you as business owner.
At the grant for a bank guarantee, a so-called contra guarantee is signed by you as business owner and by the bank. A bank guarantee is valid for a specific term and for a specific amount.
Various types of bank guarantees are available.
For more information, please contact one of our account managers at the head office or at one of our branches.