Phone No.:+977-1-4232500
Post Box No.:8975, EPC. : 5157
Fax No.:+977-1-4228588
E-Mail : info@kistbank.com
Post Box No.:8975, EPC. : 5157
Fax No.:+977-1-4228588
E-Mail : info@kistbank.com
I feel proud to take name of KIST Bank as it has given comparatively higher degree of satisfaction to me.Bank Guarantee Business
In the course of business, if you or your business needs any form of guarantee to smoothly carry out your activities, we are ready for issuance of the different types of guarantees as outlined below:
Bid Bond
Some contracts are awarded through bidding processes. In such bids, participants are required
to deposit an earnest money or to submit a guarantee letter issued by a bank, which will be used by beneficiary as a security in case of withdrawal by participants when contract is awarded to them. Such guarantee is called a bid bond. Such bid bonds are generally ranges 2%-5% of the bidding value. We issue such bid bond. However, for issuance of bid bonds, customers need credit line from the company.
to deposit an earnest money or to submit a guarantee letter issued by a bank, which will be used by beneficiary as a security in case of withdrawal by participants when contract is awarded to them. Such guarantee is called a bid bond. Such bid bonds are generally ranges 2%-5% of the bidding value. We issue such bid bond. However, for issuance of bid bonds, customers need credit line from the company.
Performance Bond
After a contract is awarded to a party, the party needs to perform the contract as per the terms and conditions as stipulated by the beneficiary. Beneficiary, to protect his interest, asks the contractor to submit a performance bond issued by a bank. If customer violates the terms and conditions, the beneficiary will invoke the guarantee and will obtain compensation for his loss. We issue such performance bond. However, for issuance of performance bonds, customers need credit line from the company.
Latest News
- KIST Bank in Dhading 2010-02-21
- Disclosure under Basel II As of Poush End 2010-02-16
- Deposit and Lending Rates 2010-02-08
- Unaudited Financial Results (Provisional) as of 2nd Quarter Ending 2010-01-28
- KIST e-Banking Launched 2010-01-25
