A new product for business from Pivdenny Bank – a tender guarantee in two hours

Ukrainian companies participating in tenders can now obtain tender guarantees from Pivdenny Bank under a simplified procedure and within the shortest possible time.

Potential customers of the Bank can expect to receive a decision on the guarantee in two hours, with processing taking place within two days. For existing customers, the processing time is one day. To do this, you just need to fill out a questionnaire and provide information about your ownership structure to the Bank.

The warranty cost is minimal and amounts to a fixed 0.75% of the warranty amount, which the client pays once for the entire term of use.

The guarantee can be used by legal entities participating in tenders, regardless of industry.

"Tender guarantees are a popular product for business, as in 2023, according to Prozorro data only, the volume of procurement increased to UAH 813 billion compared to UAH 525 billion in 2022. This means that business is working and driving the economy despite wartime conditions. We see the demand from our clients for tender guarantees and therefore have developed the most convenient and transparent conditions for obtaining them in our Bank. "Pivdenny" has an extensive experience in servicing companies specialising in government contracts, including defence contracts," said Oleksandr Matiushenko, Director of Corporate Business, Member of the Management Board of Pivdenny Bank.