The Cooperative Bank of Chania, in an effort to meet the needs of enterprises and professionals who wish to increase turnover and expand partnerships, offers issuing of Letters of Guarantee for participation in tenders, good contractual performance, 10% retention bonds, collection of advances, payment of installments, subcontracting etc.
A letter of guarantee may be issued on your behalf, on behalf of third parties or on behalf of joint ventures.
Calculation and charge of premiums for letters of guarantee takes place quarterly and is calculated as a percentage of the letter of guarantee amount.
Benefit from our highly competitive premiums of LoA issuance and our speedy procedures and make use of new business opportunities right when they appear!
(There is a special charges catalogue of LoA for members of the Technical Chamber of Greece (TCG))