Bank Guarantee

This is a written irrevocable undertaking is issued by the bank to pay the beneficiary on demand if the customer has not fulfilled contractual obligations.

 

Benefits

  • Last longer

  • Client obtains credit hence easing increase in liquidity

  • Immediate compensation in case of default

     

We offer bank guarantees in the form of bid bonds, performance guarantees and advance payment guarantees.

 

Performance Bond

This acts as surety to guarantee the satisfactory completion of a project by a contractor. The contractor is guaranteed compensation for any monetary loss up to the amount of the performance bond if the agreed terms are breached. Hence BK stands as a guarantor on behalf of the client.

 

Features

  • Turnaround time of 1 day

  • Commission of 1% per quarter- 100% cash collateral required

     

Standard requirements

  • Letter of request

  • Copy of contract

  • Copy of valid identification documents

  • 100% cash collateral

     

Advance Payment Guarantee

This represents an irrevocable obligation of the bank to pay a specified amount of money if the party for which the bank is giving the guarantee does not fulfil its contractual obligations.

 

Features

  • Turnaround time of up to 1 day

  • Commission of 1% per quarter

     

Standard requirements

  • Letter of request

  • Copy of contract

  • Copy of valid identification documents

  • 100% cash collateral

 

Bid Bond Security

Issued by the bank as part of a bidding process to the tendering body guaranteeing that the client if successful in the bidding process, will undertake the contract under the terms at which they bid.

 

Features

  • Turnaround time of 1 day

  • Commission of 1% per quarter- 100% cash collateral required

 

Standard requirements

  • Letter of request
  • Copy of valid identification documents

  • 100% cash collateral

  • Title and references of the tender on bid bond security

Equity Price List

18-10-17 CLOSING HIGH LOW
BOK 285 285 285
BRL 140 140 140
NMG 1200 --- ---
KCB 340 --- ---
USL 104 --- ---
EQTY 350 --- ---
CTL 70 70 70

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Exchange Rates

18-10-17  BUYING  SELLING
USD 842.0000 856.0000
EUR

975.0000

1040.0000
GBP 1087.0000 1145.0000

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Contact Us

BK SWIFT CODE : BKIGRWRW

KN4 Ave No12 Plot No 790
P.O. Box 175, Kigali, Rwanda

Find a branch near you

Call Center

Local: Phone 4455 

International: Phone+250-788143000

email bk@bk.rwThis email address is being protected from spambots. You need JavaScript enabled to view it. , Send us a message
web www.bk.rw

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