What is it?
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.
What solutions are offered?
1. Guarantees within the framework of contracts and projects (construction, supplies, services)
Bid bond
Ensures to the contracting authority the good faith and solidity of your offer during a call for tenders.Performance bond
Guarantees proper execution of the contract in accordance with the agreed deadlines and contractual conditions.
Advance payment bond (or advance of funds)
Secures the reimbursement of the advance granted by the contracting authority to the contract holder.
Retention bond
Covers the post-completion warranty period and reassures the beneficiary regarding the correction of any defects.
What solutions are offered?
2. Guarantees related to foreign trade operations
Standby Letter of Credit (SBLC)
An international guarantee instrument used as security in case of non-payment or non-performance.Payment guarantees
Assurance given to the supplier ensuring that payment for goods or services will be honored.Advance payment refund guarantees
Secures the reimbursement of advances paid to the exporter in case of non-delivery.Customs and tax guarantees
Required for certain import/export operations to cover applicable duties and taxes.Advantages
Enhanced credibility
Your commercial and institutional partners are reassured.Access to international markets
Easier access to national and international calls for tenders.Operational flexibility
Guarantees adaptable to all sectors (construction, services, international trade).Security
Reliable coverage against the risks of non-performance or non-payment.International reach
Our banking correspondents support your transactions abroad.How to obtain a bank guarantee?
- You submit a guarantee request to BANGE BANK BENIN with the required documents.
- The bank reviews your file and assesses your ability to meet commitments.
- Once approved, BANGE BANK BENIN issues the guarantee in favor of the beneficiary (public authority, contracting authority, supplier, customs, etc.).
- You fulfill your contractual obligations; the guarantee remains valid for the agreed duration.
- Proven expertise in supporting businesses and public institutions.
- A wide range of guarantees covering both local projects and international operations.
- Responsiveness and flexibility in issuance, thanks to a dedicated team.
- A trusted partner helping you win contracts and secure your transactions.
- With bank guarantees from BANGE BANK BENIN, secure your commitments in construction projects, public tenders, or international trade operations.