Banking Services for Corporates
Given the privacy that requires quality and speed in providing
banking services, we have allocated a variety of banking services for corporates
and institutions; to satisfy their ambitions.
Letters of Guarantee
Given the elements of trust and guarantee provided by letters of guarantee for both the guarantor and the beneficiary, the bank provides the service of issuing various types of local and international letters of guarantee to its customers whose goals and objectives are compliant with the provisions of the tolerant Islamic Sharia, in order to enable them to fulfill their obligations arising from entering into bids or performing any project offered by the public and private sectors and letters of guarantee for navigational release. Among the types of letters of guarantee issued by the Bank are:
- Initial Letters of Guarantee (BID Bond).
- letters of Guarantee for Performance.
- letters of guarantee for Advance Payment.
- letters of Retentions Money Guarantee.
- letters of Maintenance Guarantee, a guarantee for the maintenance work that the guarantor is committed to.
- Shipping / Clearance of goods L/Gs.
- Letters of guarantee for a Student Visa.
- The service of issuing local bank guarantees against bank guarantees received from foreign banks that have relations with Saba African Bank; back-to-back guarantees.