Bank Guarantees
The Bank Issues Letters of guarantee on behalf of customers and these facilities are subject to the same credit vetting and approval process as any other credit facility. Guarantees include all forms of guarantee commitments issued by the Bank i.e. Bid Bonds, Advance Payment Guarantees, Performance Guarantees among others
Account Overview
The Bank Issues Letters of guarantee on behalf of customers and these facilities are subject to the same credit vetting and approval process as any other credit facility. Guarantees include all forms of guarantee commitments issued by the Bank i.e. Bid Bonds, Advance Payment Guarantees, Performance Guarantees among others
What You Need to Open an Account
The requirements are as follows:
Format of Bond/Guarantee
Details of contract for Performance Bond
Details of tender application (Bid bonds)
Counter Guarantee
Account Features
Access a comprehensive suite of banking services and tools:
Issuing Commission 0.50% per quarter or minimum charge of KSH.2,500
Cash Covered Guarantee 0.25% per quarter or minimum KSH. 2,500
