Letters of Guarantee

These are the documents, addressing public institutions and organizations and other natural and legal persons, undertaking that a certain performance or obligation shall be fulfilled within a specified period of time and on specified conditions and guaranteeing that the bank shall otherwise pay the amount of such obligation. Letters of Guarantee, which you may require to be issued in TL or foreign currency, enhance your reliability before the public institutions and organizations and other natural and legal persons that you work with and increase your business volume and profitability.

Letters of Guarantee
  • May be issued in Turkish Lira or foreign currency, for a definite or indefinite term.
  • May be performance, bid, advance or special text depending on the nature of the work.
  • May be related to goods purchase, dealership guarantee, contracts, customs, court or tax office procedures.
Advantages of Letter of Guarantee
  • Assurance
    Our Bank offers its reliability to the use of our customers by means of letter of guarantee.
  • Cost Advantage
    Our customers have the advantage of transact business without using capital and cost advantage.