A Guarantee / bond is an undertaking by the Bank on behalf of its customer to guarantee a third party payment in the event of loss on the contract undertaken.

The Performance Guarantee is available to all our customers who have been awarded contracts, e.g. audit, construction, supply, transportation etc.

The principal contractor demands for an undertaking from the Bank, that in the event of non-performance or unsatisfactory performance by our customer, the Bank would refund the amount of the loss, which will be limited to the guarantee amount.