What is meant by bank guarantees?

They are undertakings given by the bank, at the request of clients, for a specific purpose and to specific beneficiaries. Guarantees include those for participating in a tender as well as guarantees for performance and customs, etc… . The pledge entails paying a certain amount to the order of the beneficiary if the guaranteed party does not abide by the purpose specified in the guarantee within a period that ends upon the expiry of the guarantee.

Advantages of bank guarantees service at Bank of Jordan Syria:

  • Competitive commission for issuing guarantees
  • Quick processing of transactions and issuing of guarantees
  • Issuing all kinds of guarantees according to your needs.
  • Possibility of easy and quick renewal of guarantees.

Beneficiaries from bank guarantees:

  • All entities and project contractors of whatever activity or line of business
  • Entrepreneurs who own businesses, industrial and commercial vocations

For more information please visit any of our branches or contact us at the following address:

Tel: +963 11 229 00 000