Business Loans

A bank guarantee or indemnity is a bank obligation to pay the guarantee beneficiary a certain sum or a part of it if the bank's client, on whose behalf the bank provided the guarantee, is unable to fulfil on time and/or properly his obligations to the guarantee beneficiary.

A guarantee or indemnity will help to reduce the risk of a transaction and gain the trust of the partners as well as ensure the fulfilment of the transaction's liabilities.

• an advance payment guarantee ensures the refund of funds transferred in advance if the contractual obligations are not performed on time;
• a bid guarantee ensures tender organisers that participants will not take back their bids during the period it is in force or change their conditions and if they win the tender, that they will sign a contract;
• a performance guarantee ensures the proper performance of contractual obligations;
• a payment guarantee ensures the performance of payment obligations;
• a loan repayment guarantee ensures the repayment of a loan and the payment of the interest;
• various other guarantees, which Danske Bankas will provide according to your needs.

If you want to receive guarantees or indemnities from local or international business partners and clients, the specialists at Danske Bankas will gladly help you decide which guarantee or indemnity conditions will best ensure the security of your transaction.