Letter of Guarantee Facility

With Coopbank’s Letter of Guarantee Facility, your business receives a trusted assurance and a formal commitment to pay a beneficiary if obligations under a contract are not fulfilled

We offer one-time guarantees for single requests and renewable guarantees for recurring needs, with limits reviewed periodically. Our services cover both local and foreign customers, with guarantees for foreign beneficiaries requiring a foreign-currency permit from the National Bank of Ethiopia.

Types of Letters of Guarantee include:
1. Bid Bond Guarantee
2. Performance Bond Guarantee
3. Advance Payment Guarantee
4. Suppliers’ Credit Guarantee / Trade Credit Guarantee
5. Retention Payment Guarantee
6. Steamers’ Guarantee / Letters of Indemnity for Missing Documents
7. Customs Duty Guarantee

Secure your business commitments with Coopbank’s reliable Letter of Guarantee Facility!