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Letters of Guarantee and Documentary Credits

 

Whatever your line of business, NBG can supply you with letters of guarantee or documentary credits in euro or foreign currency.

We can enhance the reliability of your commercial transactions by:

  • issuing letters of guarantee for your participation in tenders, good performance, payment of obligations etc.
  • opening documentary credits to facilitate your import activity.

 

Click here to find out about the charges associated with our products.

For more information, stop by one of our Branches today!

Basic documentation

  • The firm’s legalization documents.
  • For firms that keep B-category account books
  • Tax clearance for the last year
  • Ε1 and Ε3 tax forms for the last 3 years, Ε9 tax form for the year 2005, plus any subsequent changes
  • Current and previous year’s periodic VAT returns (where available)

       For firms that keep C-category account books

        Further to the above:

  • Balance sheets for the last 3 years
  • Recent balance sheet and the balance sheet of the corresponding month of the previous year.

Should any further documentation be required, applicants shall be duly informed via their NBG Branch officers.

  • Commissions on Letters of Guarantee / Documentary Credits are generally collected per undivided quarter, throughout their validity period
  • Commissions can be paid through a standing order to your deposit account
  • A relevant statement is sent to your address in line with the frequency with which you make your commission repayments.