Guarantees

We take pride in the fact that, since your domestic and foreign partners highly value the name of Privredna banka Zagreb, they may often explicitly request a guarantee from your Bank - Privredna banka Zagreb.

Based on your request, we can issue different guarantees in various forms and with different expiry dates, in support of your business both in Croatia and abroad:

  • payment guarantees - serving as security  instruments for payment of goods and financial loans
  • performance guarantees - serving as security  instruments for the completion of contractual obligations (tender guarantees,   advance payment guarantees, temporary import guarantees, good performance bonds, warranty guarantees, retention money guarantees etc.)
  • customs guarantees
  • counter-guarantees   in favour of foreign banks


A precondition for the issuance of a guarantee by the Bank is the  submission of an application and all relevant accompanying documents i.e. contracts, public tender documents etc.

In addition to these documents, the application must also include all your status and financial documents.


Guarantees received from abroad

If you wish to secure the collection of your claims from abroad or the proper performance of services of any kind through your business partner's commercial bank guarantees issued in your favour, PBZ can offer you the following services:

  • forwarding your business partner's bank guarantee received by SWIFT and confirming the   authenticity of the guarantee
  • authentication of a guarantee received directly from your foreign partner's commercial bank
  • providing an expert opinion on the wording of a received guarantee
  • call for payment under received guarantees
  • issuing guarantees in your favour at the request of your foreign partner's commercial bank.

CONTACT

For further information please visit CONTACTS, contact your Relationship Manager for Corporate Banking (Large Companies and Banks) or call our toll-free info number 0800 PBZ COM (0800 729 266).

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