Guarantee
A guarantee helps secure the various risks and obligations arising from contracts in local and international business. We offer various types of guarantees so you can find the one that suits you the most.
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A guarantee helps secure the various risks and obligations arising from contracts in local and international business. We offer various types of guarantees so you can find the one that suits you the most.
A letter of guarantee issued by Coop Bank gives your partner the reassurance that they will receive the amount agreed in the letter of guarantee if your company does not perform its contractual obligations.
We issue guarantees according to URDG 758 (Uniform Rules for Demand Guarantees) and the law of Estonia.
A bank guarantee is an independent obligation and not legally connected to the purchase and sales contract. The submission of a payment claim is easy and the bank will pay out the amount agreed in the letter of guarantee on the first demand.
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See the price list of Coop Pank.
The bank guarantee is an irrevocable obligation of the bank, which is why we regard applications for a guarantee equally with applications for any other credit products.
Collaterals