Flexibility There is no limit for number of guarantees that may be issued within the approved limit
Speed and convenience You can use Bulbank Online and order issuance of guarantees to your counterparts without leaving your office.
Depending on the purpose conditional loans are divided into two types:
- Commercial conditional loan
The Bank undertakes the risk in securing either issuing of bank guarantees or letters of credit with a commercial purpose (e.g. performance guarantee, bid bond, etc.).
- Financial conditional loan
The Bank undertakes the risk in securing either issuing of bank guarantees or letters of credit that involve financial risk in favor of the counterparties of the customer (e.g. payment guarantee, customs guarantee, etc.).
The loan may be secured by assets of the borrower or of third parties, established in favour of the Bank as per the procedure and in the form established by law. The collateral may include one or mixture of the following assets:
Receivables from third parties
Market appraisal and insurance of collaterals are required.
Market Appraisal: List of eligible external evaluators of loan collateral.
Insurance: To receive an individual insurance offer for your business needs, please contact UniCredit Insurance broker.
Frequently Asked Questions
The market appraisal should be renewed every year. The insurance must be maintained valid for the entire loan period.