A bank guarantee is a commitment made by BANGE BANK BENIN to a beneficiary (government, company, supplier, lessor, etc.) to ensure the fulfillment of its client's contractual obligations.
In the event of default by the client, the bank commits to making payments within the agreed limits. A true tool of trust, the bank guarantee secures your transactions, reassures your partners, and facilitates the conclusion of contracts in both construction projects (building and public works, infrastructure, supplies, services) and foreign trade operations.
1. Guarantees within the framework of contracts and projects (construction, supplies, services)
Guarantees proper execution of the contract in accordance with the agreed deadlines and contractual conditions.
Secures the reimbursement of the advance granted by the contracting authority to the contract holder.
Covers the post-completion warranty period and reassures the beneficiary regarding the correction of any defects.
2. Guarantees related to foreign trade operations
