The Bank Guarantee is an irrevocable commitment by the Bank to pay a pre-determined amount if the beneficiary under a guarantee has stated that certain contractual obligations have not been fulfilled.

Central Cooperative Bank AD offers to its customers a framework contract for bank guarantees, whereby within the agreed limits and deadlines and at the request of the customer, the Bank issues a number of different guarantees depending on the relevant business needs.

Types of bank guarantees issued by the Bank:

The Bank issues the following bank guarantees:

  • performance bond;
  • tender participation guarantees;
  • advance payment bond;
  • payment bond;
  • other types of bank guarantees.

The Bank issues bank guarantees both on the basis of individual orders of its customer and on the basis of an executed framework contract within a pre-agreed limit.

Fees and commissions:

For the issuance of any bank guarantee, the originator pays the fees stipulated in the CCB AD Tariff of Fees and Commissions.


Assets of the borrower or third parties, formed according to the statutory procedure, are accepted as collateral for issuing bank guarantees. The assets that can be accepted as collateral include:

  • Cash;
  • Real estate;
  • Movable property;
  • Other.