Guarantees

The Bank offers guarantees on performance and advance payments of its clients engaged in execution of contracts and/or tenders with government, International organizations and private institutions.Types of guarantees include Performance guarantees, Advance Payment guarantees, Bank guarantees,Retention guarantees, Bid Security/ Bid Bond, Customs Bond

 

 

Basic Requirements:: 

For Bid bonds, we offer unsecured limit of upto Ushs35m

  • Identification documents of directors
  • Memorandum and articles of Association
  • Certificate of registration
  • Company profile
  • Borrowing resolution for the unsecured limit
  • Curriculum Vitae of proprietors/ partners/ directors
  • Financial card required
  • Details of previous contracts completed
  • Statement of bank accounts for last 12 months

Requirements of all other types of guarantees like Performance and Advance are similar to commercial loans

 

NOTE: ALL TRADE FINANCE DOCUMENTS MUST BE ADDRESSED TO;

 

TRADE FINANCE OPERATIONS

CENTENARY RURAL DEVELOPMENT BANK LTD

HEAD OFFICE, MAPEERA HOUSE

PLOT 44-46 KAMPALA ROAD AND PLOT 2 BURTON STREET,

P.O BOX 1892 KAMPALA

UGANDA.