Guarantees and Documentary Operations

Guarantees:
Purpose: to provide Bank Guarantees of the client's obligations toward a third party.
Amount: determined by the document (contract) between the client and third party (or tender documentation).
Maturity: based on the request of the Guarantee.
The frequently used types of Guarantees are: Payment Guarantee, Custom Guarantee, Tender Guarantee (bid), Warranty Guarantee, Retention money Guarantee, Performance Guarantee, Advance Guarantee and Credit repayment Guarantee.
Guarantee user:
All legal entities and entrepreneurs registered in Montenegro.
Product price:
Product price is determined on the basis of economic and financial analysis of the company, credit history, turnover on the account with Adriatic Bank, collateral quality and value.
Security:
Bills of exchange and authorization
Authorization of collection right
Pledge on movables
Mortgage
Assignment of receivables
Deposit (Cash collateral)
How to apply for a guarantee?
The SME loan application, along with the necessary documentation, should be submitted to a SME Relationship Manager. Upon the completion of the decision-making process, the SME Relationship Manager will inform the client whether the application has been approved and upon which terms and conditions.