Letters of guarantee

BDB may issue various types of guarantees on behalf of its customers, subject to the maximum limit available for such customers. Letters of guarantee could be for various purposes—in the case of projects, the bank offers bid bonds, performance bonds, and advance payment guarantees. Commission rate: 1.5% per annum.

Other products

Issued by BDB on behalf of a customer (importer) paying the beneficiary (exporter) On a case-by-case basis, the bank also provides the option to refinance the amount of the L/C due for payment on short-term installments up to maximum 12-month period or telex transfer amount. Commission rate: 1.5% per annum.