Bank of Bhutan provides support to facilitate fast growth of your business, whenever you need. You may avail the guarantee in quick time from bank against 100% cash margin or against sufficient collateral charged with bank or counter guaranteed by our relationship bank. Bank has recently waived off 10% retention money for the issuance of Bank Guarantee.
- Any individual/firm/contract agencies holding valid business license
- Anyone who can provide 100% cash margin money or having sufficient collateral charged with BoB or counter guaranteed by our relationship banks
- As per the security(s) backed and counter guarantees provided.
- Within Bhutan – 12 months on renewal basis
- Outside Bhutan- Counter Guarantee (CG) from international banks, will be as per their client’s request
- Bank guarantee application form
- Counter Guarantee form
- Asset and liability details
- Valid License copy
- Identity Card copy
- Invitation of BID details/letter of work awarded details/contract agreement details
- For inward BGs (bank guarantees) for and behalf of outside parties Counter guarantee from accepted banks