Description:

This service is to help legal entities engaged in business and various types of organizations who wish for BCEL to guarantee the full repayment of a debt along with the interest and expenses arising from such based on the loan contract with the receiver of the guarantee.

Benefits:

  • The party receiving the guarantee will be confident that you are able to repay the loan and interest as specified.
  • In the event that you are unable to perform your obligations as stated in the terms of the loan, the bank will do so on your behalf.
  • Requesting a guarantee is easy and the approval process fast.
  • The amount for which a guarantee is provided is based on your capacity to repay and your financial needs.
  • You will receive advice from an expert who has experience in such matters.

Terms of Service:

  • This guarantee must be used in accordance with the law and the bank must have confidence in our relationship and your history of borrowing and repaying loans at BCEL.
  • You must have a project report for your investment or a production feasibility study showing that the venture is possible and will be effective, legal, and responsible towards the public as stated in the laws of the Lao PDR.

Supporting Documentats: formal request for a guarantee, guarantee application form (provided by BCEL), loan request, statement of collateral, and other relevant documents (if existing)

Further Queries: Should you have any further queries, contact our Letter of Credit Section on tel: 021-213200 ext. 211, 213, and 204.

Description:

BCEL is a bank with over 20 years’ experience and gives you the option of a service which allows you to guarantee that you will participate in bidding and win. A bidding guarantee is something which those wishing to bid must have to increase their credibility among trading partners. The objective of a bidding guarantee is for the bank to guarantee the repayment in accordance within the limits of the guarantee in the event that a holder of such a guarantee wins a contract and then refuses to sign it, withdraws the amount bid before the specified time, or is able to guarantee that they will be able to perform their contractual obligations after signing.

Benefits:

  • This creates business opportunities for you, allowing you to participate in bidding and win.
  • A bidding guarantee from BCEL is recognized by both domestic and overseas enterprises.
  • The amount for which a guarantee provided is based on your capacity to repay and your financial needs.

Terms of Service:

  • This guarantee must be used in accordance with the law and the bank must have confidence in our relationship and your history of borrowing and repaying loans at BCEL.
  • Your business must operate legally and you must show responsibility towards the public as stated in the laws of the Lao PDR.

Supporting Documents: formal request for a guarantee, guarantee application form (provided by BCEL), bidding invitation, statement of collateral, and detailed information regarding your intended participation in the bidding

Further Queries: Should you have any further queries, contact our Letter of Credit Section on tel: 021-213200 ext. 211, 213, and 204.

Description:

This service for legal entities engaged in business and various types of organizations aims to reduce the risks associated with paying for goods. It guarantees that the supplier will be paid for their goods or services. In the event that the buyer is unable to pay in full, the bank will take responsibility for the payment on their behalf.

Benefits:

  • Your suppliers will have confidence in your capacity to pay for the goods or services in full.
  •  If you are unable to fulfill your payment obligations, the bank will do so on your behalf.
  • Requesting a guarantee is easy and the approval process fast. The amount for which a guarantee is provided is based on your capacity to repay and your financial needs.
  • You will receive advice from an expert who has experience in such matters.

Terms of Service:

  • This guarantee must be used in accordance with the law and the bank must have confidence in our relationship and your history of borrowing and repaying loans at BCEL.
  • Your business must operate legally and you must show responsibility towards the public as stated in the laws of the Lao PDR.

Supporting Documents: formal request for a guarantee, guarantee application form (provided by BCEL), payment statement, statement of collateral, and other relevant documents (if existing)

Further Queries:Should you have any further queries, contact our Letter of Credit Section on tel: 021-213200 ext. 211, 213, and 204.

Description:

BCEL operates as a Guarantor to fully secure performance obligation(s) of the Applicant (Contractor/Supplier) to another contractual party (the Beneficiary). When the Applicant defaults in their contractual obligation BCEL irrevocably undertakes to pay the guarantee amount to the Beneficiary.

Benefits:

  • Underwrites the applicant’s obligations to complete the project successfully
  • Gives the beneficiary an indication of the applicant’s creditworthiness.
  • Provides the beneficiary with a remedy in the case of default by the applicant.
  • With performance guarantee in place, contractor does not need to deposit cash as collateral to project owner, allowing more financial liquidity to contractor.
  •   Straight forward application
  • Quick approval process
  • Useful advices and assistances from highly experienced personnel

Terms of Services:

  • Completed application form (BCEL form, with authorized signature and stamp)
  • Security 100% of the proposed guarantee amount (​cash deposits with BCEL, other securities for credit facilities)
  • A copy of Invitation for Bid (for Bid Security) ​/ signed contracts​ (for others)
  • Copies of business license and tax clearance certificate
  • ​Authorized Letter (if the security to be used is not legally binding to the applicant)

For more information, please contact LC & LG Section, Call: 021-213200 (ext. 211 & 204) or 021-254660