Letters of guarantee and letters of credit
The financing and guarantee solutions offered by Garanti BBVA for corporations
The bank Letters of Guarantee and Letters of Credit of various types are non-cash facilities that ensure the Beneficiary (the commercial partner of Bank’s client) against various types of risks such as: payment, performance, warranty etc. These are structured facilities based on the commercial contract and require trade finance expertise from the banks involved in the specific transactions (Ordering Party Bank and Beneficiary Bank).
Garanti BBVA has been an active player in trade finance for more than 15 years, enhancing the traditional expertise in this field of its parent bank Garanti BBVA Turkey.
Garanti BBVA offers advises and supports along the entire issuing process for Letters of Guarantees or Letters of Credit, tailoring the best solutions for non-cash credit facilities such as :