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Eurasian Bank Electronic Bank Guarantee

Eurasian Bank became the first bank to issue an electronic bank guarantee on the www.mitwork.kz portal.

 

 

This portal is a centralized portal for procurement of the largest commercial and national companies in Kazakhstan.

 

 

Now, the Bank issues standard bank guarantees (issue within an hour, submission of a minimum of documents online) and express guarantees (online issue through the Client’s Bank system within an hour, no collateral, no cash coverage and no turnover calculations).

 

 

Bid guarantees are issued on the exclusive terms:

 

 

– Loan limit — 50 million tenge.

— Within an hour.

– No collateral.

– No cash coverage.

– No turnover calculations.

– Straight from the office.

– Flexible terms.

– Personal Manager.

 

 

The maximum amount of the guarantee is 50 million tenge. The maximum amount of the credit line at its opening is 50 million tenge. The fee for opening a credit line is 30, 000 tenge, the fee for issuing a guarantee is 1.5% of the guarantee amount, t. i. 10, 000 tenge.

 

 

The MITWORK Company is an official quasi-public sector procurement operator and provides access to procurement of major national and commercial companies.

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