Letters of Guarantee / Stand by Letters of Credit

Get the option to liquidate your receivables and pay out your suppliers.

Letters of Guarantee / Stand by Letters of Credit

Get access to tools and solutions that facilitate international trade and offer a stable and secure merchanting framework.

Improvement of balance sheets

You can improve your balance sheets, avoid advance payments and schedule your obligations pursuant to payables.

Reduction of your handling costs

Take advantage of the opportunity to reduce your handling costs for payment and collection monitoring.

Negotiations and relationships

You can engage in negotiations with suppliers and customers, and forge long-term beneficial trading relationships.

Do you need more information?

For more information, you can contact your business liaison by phone or by e-mail.

Contact

I want Trade Finance by NBG for my business

Manage business transactions relating to Letters of Guarantee online through an award-winning platform.

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The digital transformation of businesses is not a luxury, but an actual need and it does not concern just a few companies or sectors, but every company and every sector. NBG’s comprehensive and integrated Digital Proposal for its business customers is here to provide easy-to-use solutions and tools, thus responding to the needs of every Greek enterprise.

Vasilis Karamouzis

General Manager of Corporate and Investment Banking

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We have created an integrated digital platform for our individual and business customers, which is currently being used by around 2.3 million customers and can support more than 8 thousand users, 60 thousand calls and 3 thousand money transactions per minute on days with heavy workloads. This is the largest volume of transactions serviced in the Greek banking market.

Stratos Molyviatis

Group Chief Operating Officer at National Bank of Greece

Do you want more information?

As an importer, how do I benefit from using NBG Letters of Guarantee?

The benefits you get as an importer are the following:

Option to avoid asking the Beneficiary for a Letter of Guarantee certificate due to the current financial circumstances.
The advance payment of the future letter of Guarantee to the Beneficiary does not constitute financing, but an early fulfillment of the already undertaken (upon the issuance of the Letter of Guarantee) obligation.
Scheduling of debt payments on a regular basis, pursuant to the trade cycle.
Pre-agreed controllable cost, pursuant to the circumstances of the Greek market. Increased liquidity through the early payment of the future Letter of Guarantee.

As an exporter how do I benefit from using NBG’s Letters of Guarantee?

The benefits you get as an exporter are the following:

Increased liquidity through the early payment of the future Letter of Guarantee.
Improvement of financial indices and ability to schedule the collection of receivables on a regular basis.
No tie-up of credit line.
Elimination of country / bank risk.
Simple procedures, fast document handling.
Maintenance and broadening of relationship with customers.
Strengthening of relationship between supplier and buyer.
Opportunities for expansion and penetration in new markets.

Is there a digital signature option?

In the context of its digital transformation program, NBG has launched the use of digital signatures for applications pertaining to International Commerce products, including Letters of Guarantee.

Letters of Guarantee / Stand by Letters of Credit