What does it represent and what is it used for?

The letter of guarantee represents a method to secure any commitments (auctions, advance refund, pledge, payment guaranty, etc.) towards business partners, other lenders, state entities.

BROM can issue the following types of letters of guarantee:

  • payment guaranty
  • guarantee for public auctions
  • pledge
  • guarantee for payment of taxes to different public entities
  • guarantee for advance refund
  • secure of loans granted to BROM customers

Which are the specifications for granting?

Currency RON; EUR
Maximum amount RON 200.000 / EUR 50.000 for individual authorized persons

RON 400.000 / EUR 100.000 for companies
Availability period 2 years (24 months)