Letter of Guarantee

  • The bank provides Letter of Guarantee or electronic Letter of Guarantee (e-LG) for bidding or making contract with beneficiaries who are Government, State Enterprise or Private Company
  • The bank will pay the beneficiary upon receipt of a demand under the letter of guarantee.

Highlights

  • Convenient and secure online service via BIB Plus
  • Submit and pick up L/G at your convenience branch

Benefits

  • Use L/G as collateral instead of other securities e.g. cash, bond,
  • Increase trust and confidence  for making business

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