Bank Guarantee

For the Importer

Bank Guarantee is a financial instrument where the bank guarantees a stated sum of money to the beneficiary upon non-performance of the applicant's obligation and performance. RHB Bank will assist in issuing guarantees on your behalf to support your business activities. Guarantees include bid, tender, performance, advance payment, customs, utilities and security deposit guarantees. Bank guarantees in nature are separate transactions from the contracts they relate to.

Benefits

• RHB Bank provides an undertaking on your behalf, and provide comfort and assurance to your business counterpart
• RHB Bank assists in reviewing the content of your guarantee before issuance, thereby protecting your interest
• Facilitates transactions between contracting parties to extend your reach beyond local boundarie