Dear Clients,
Please be assured that KB Slovakia’s team is available and working for you in the current situation as well!

We are committed to providing our services so as to be able to meet your needs and expectations while protecting your as well as our health. Our team is now working primarily from home, with a view to minimising the risk of the infection spreading.

Our mailboxes, telephone numbers, and direct banking channels are up and running and are fully available to you.

We look forward to seeing you in our offices once the epidemic is over, and wish you all good health!

Executive Director, KB Slovakia

 0800 118 100

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Bank guarantees

The Bank guarantee is intended for:

  • corporate entities which do business in the Slovak Republic
  • municipalities and regions etc.

Characteristics of the Bank guarantee:

  • one of the most frequently used security instruments
  • reduces commercial risk
  • created by written declaration by the bank in a letter of guarantee
  • guarantees satisfaction of the creditor (beneficiary) up to a certain financial amount if a third party (debtor) fails to meet a certain obligation or if other conditions as stipulated in the letter of guarantee are not met
  • KB provides the following types of Bank guarantees
    • payment guarantees
      • for payment of a tax document (invoice)
      • for repayment of a financial loan
      • for payment of leasing instalments
      • other
  • non-payment guarantees
    • for a submitted offer (tender bond, bid bond)
    • for return of an advance payment (advance payment guarantee, down payment guarantee)
    • for due performance of a contract (performance bond)
    • for return of a retention money (retention bond)
    • for a warranty period (warranty bond)
  • customs guarantees
    • for other operations than transit regime (global, individual)
  • other guarantees
    • for payment of rent
    • other
  • counter guarantees
    • for transactions in specific territories (e.g. Arab countries)
    • issued in favour of the local bank of the final beneficiary
  • In relation to Bank guarantees, Komerční banka, a.s., pobočka zahraničnej banky provides the following services
    • consultancy during contractual negotiations
    • discussion of conditions for provision of a Bank guarantee
    • formulation of the wording of the letter of guarantee
    • notification of the Bank guarantee
    • provision of a promise of a Bank guarantee

Advantages of the Bank guarantee:

  • for the beneficiary
    • certainty of gaining funds if the business partner (party ordering the Bank guarantee) fails to meet his obligations
    • quality security for commercial relations
  • for the party ordering the Bank guarantee
    • cost savings (only the risk margin is paid, not the price of funds)
    • positive effect on the company’s cash flow

A Bank guarantee allows you to:

  • gain funds immediately
  • gain deferral of payment of an obligation
  • conclude a contract subject to more advantageous conditions

How to establish/arrange the product :

Contact Us


0800 118 100

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