A Bank Guarantee is an irrevocable commitment of a bank to pay the amount as specified in the guarantee, to the Beneficiary, upon their first request, if the Applicant does not fulfil their commercial duties.

OTP Bank as a guarantor bank, is a reliable partner guaranteeing good performance of a commercial contract. Being the beneficiary or Applicant of a bank guarantee can benefit from our specialised and professional consultancy.

Whether you are the beneficiary or the applicant of a bank guarantee, you can benefit from specialized and professional consultation.

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How it works?

If you often carry on procurement/import transactions with advance payment with the same supplier, you can offer a payment guarantee to the seller and negotiate payment terms. If you carry on an export transaction with a partner that does not want to transfer an advance payment as required for production process, you can offer an advance reimbursement guarantee.

Whether you are the beneficiary or the applicant of a bank guarantee, you can benefit from specialized and professional consultation.

Get email support

Call a specialist

Useful information, regulations, tariffs

• eGuarantee by OTP Bank - 100% online* and in less than 3 hours
• General banking conditions, for issuing bank guarantees and accreditives and Letter of Credits
• The application for bank guarantee issuance
• Example for filling-in the Application form for issuing Bank Guarantees
• General banking conditions
• Tariffs for legal entities

For clients who have already signed a credit agreement for bank guarantees, which are secured by credit or covered by 100% with monetary funds, within the General Terms and Conditions for issuance of bank guarantees and letters of credit.