Uncovered bank guarantees and LCs

Evrofinance Mosnarbank offers its clients various ways of placing temporarily free funds to obtain additional income:

  • Deposits (term deposits)
  • Evrofinance Mosnarbank promissory notes
  • Certificates of deposit
  • Minimum account balance in foreign currency and rubles
  • Client funds management (construction of a financial portfolio)
  • Brokerage operations in the financial market


Evrofinance Mosnarbank has extensive experience in conducting settlement transactions both domestically and abroad. Throughout its development, the Bank has specialized in servicing the export and import operations of the Russian exporting enterprises.


Evrofinance Mosnarbank offers its clients the use of individual safety deposit boxes (safe deposit boxes), which are located in a special safety vault of the Bank equipped with modern security system and ensuring a high degree of protection.


The Bank provides a wide range of loan products in rubles and major currencies that are able to meet the borrowing needs of virtually any enterprise, regardless of its specific activity.


Evrofinance Mosnarbank is one of the leading participants of the Russian stock market. We provide professional services to our clients and partners, providing them with a full range of securities transactions permitted by the Russian legislation on the Moscow Exchange stock market.


As an active participant of the investment market, the Bank provides its clients with effective access to its opportunities, including direct investment in the equity of over-the-counter companies (Private Equity).


EVROFINANCE MOSNARBANK JSCB OJSC offers to its Clients a remote bank service system (hereinafter referred to as the Client-Bank System), developed by the company Bank Soft Systems (BSS), which allows our Clients to settle bank transactions and send official and aleatory documents to the Bank with the option of file enclosure via the Internet, without leaving the office.

Bank guarantees

By issuing a guarantee, Evrofinance Mosnarbank (Guarantor), by a company's (Principal) request, provides a written obligation to pay a specified amount to a third party (Beneficiary) upon its written request made according to the guarantee terms. The Bank can guarantee only a payment but not any material obligation (delivery, service, etc) envisaged by the agreement between Principal and Beneficiary.

If needed, the Bank can secure a guarantee from a foreign bank acceptable for the beneficiary by issuing a counter guarantee.

Evrofinance Mosnarbank offers or helps to get the following major types of guarantees:

Offer guarantee (tender guarantee)

When contests for equipment supply, construction and engineering and other services orders are held, participants are often required to include a tender guarantee in their bid. The guarantee should cover 1%-5% of the tender amount.

Guarantee of advance payment return

In certain cases, including construction works, equipment supplies, and especially making of certain products according to the customer's specifications, a contractor often requires an advance payment. Therefore, the customer is facing a risk that the partner may fail to meet the obligations under the agreement and to return the advance payment. This risk is covered by a guarantee of advance payment return. The Bank guarantees that it will return the advance payment amount if the contractor should fail to meet the obligations under the contract. As a rule, the amount covered by the guarantee equals the amount of the advance payment. This guarantee is often used in foreign trade deals.

Guarantee of proper performance

This guarantee covers the performance of a contractor under a contract, like delivery of goods or services, proper performance of tasks set forth in the contract (construction, assembly, installation, implementation etc.). The Bank guarantees that it should pay the amount specified in the guarantee agreement upon the first request of a beneficiary. The guarantee usually covers 5%-15% of the contract amount.

Guarantee of payment

This guarantee is normally used to secure a payment obligation of any kind. In particular, such guarantees cover obligations to pay for goods or services delivered against a down payment or delayed payment. They also cover obligations to redeem debt incurred by financial credits and loans.

Customs guarantees

Evrofinance Mosnarbank offers various types of customs guarantees which are used to secure custom fees payment according to Russian law, including special cases such as delayed payment of customs duties and fees, transportation or storage of foreign goods, performance of various customs operations (acting as a customs broker, owner of a temporary storage warehouse or a custom warehouse, or an authorized customs carrier).

Letters of credit

Under a letter of credit, the Bank undertakes to carry out a payment to a beneficiary or to accept or negotiate a bill of exchange or to authorize another bank (designated bank) to carry out a payment to a beneficiary or to accept or negotiate a bill of exchange upon presenting the documents specified in the letter of credit. The Bank itself can be the designated bank

To execute a letter of credit, the beneficiary should present the documents specified in the letter of credit to the designated bank. If the documents presented do not match those specified in the letter of credit, the letter is not executed.

Letters of credit are widely used in foreign trade because they guarantee that the supplier receives payment for shipped goods and the purchaser is protected in case the supplier fails to ship the goods.

If needed, the Bank's letters of credit can be confirmed by a foreign bank acceptable for the purchaser. The confirmation makes the foreign bank as responsible for the execution of the letter of credit as the bank that issued it.

Evrofinance Mosnarbank also issues reserve, or stand-by, letters of credit. They are used in some cases as an alternative to banking guarantees due to incumbent business practices or specifics of legislation.

Corporate Business Development Department

Tel.: +7 (495) 967-8130
Fax: +7 (495) 967-8133

Evrofinance Mosnarbank uses cookies to improve the usability of the website. If you do not want us to use cookies, you can change your browser settings, or not use our website.

By continuing to browse the website, you consent to the use of your cookies.

I'm understood, thank you