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FX letters of guarantee

Bank Guarantee is an irrevocable obligation of the bank to pay certain amount of money in case of default or nonperformance of contractual obligations by one of the contractual parties.

Komercijalna banka AD Skopje issues import FX Guarantees (nostro), receives and advises export FX Guarantees (loro) in favor of residents and issues avails of Promissory Notes. The issuance and the operation with International Guarantees is executed in accordance with the principles determined in  the General Conditions for Issuance of FX Letters of Guarantee

The Bank issues and advises the following types of FX Letters of Guarantee:

1. Payment Guarantees
  • Guarantees for payment
  • Guarantees for leasing
2. Performance Guarantees
  • Bid Bonds (Tender guarantees)
  • Advance Payment Guarantees
  • Performance Guarantees
  • Warranty Guarantees and
  • Other types of guarantees according to the clients` requirements

Import FX Letters of Guarantee (Nostro)

Required documents for issuing / amending import International Letter of Guarantee:

Export FX Letters of Guarantee (Loro)

Komercijalna banka AD Skopje also provides the following services regarding the International Letters of Guarantee:
  • Receipt of Letters of Guarantee through SWIFT or from the beneficiary as an original document and identification of authentity of signatures;
  • Notification – advising the Letter of Guarantee to the beneficiary;
  • Processing and forwarding of request for payment under export Letter of Guarantee (loro) from the beneficiary to the Guarantor Bank with the enclosed documentation.

Contact persons

International Guarantee Unit
Phone: (+389 2) 3168-610; (+389 2) 3168-611; (+389 2) 3168-612; (+389 2) 3168-615; (+389 2) 3168-616
e-mail: guarantee@kb.com.mk

Emilija Georgievska, Head of International Guarantees Unit
Phone: (+389 2) 3168-610
Fax: (+389 2) 3220-981
e-mail: egeorgijevska@kb.com.mk

Ivona Doneva, Foreign currency Loans and Foreign currency Guarantees Department Manager
Phone: (+389 2) 3168-619; (+389 75) 421-026
Fax: (+389 2) 3220 981
e-mail: ivona.doneva@kb.com.mk