Start : Corporations : Guarantees



In order to satisfy its obligations, business partners may use guarantees offered by AS Expobank.

A Bank guarantee is the Bank’s irrevocable obligation to pay a fixed amount to the guarantee’s beneficiary in case the applicant defaults upon his or her contractual obligations.

A guarantee payment is made if the beneficiary submits to the Bank a written demand which meets the guarantee’s requirements.

AS Expobank
Kr. Valdemara 19
Riga, LV-1010, Latvia
(+371) 67043510
I-Bank Latvia