Favorable conditions for bank guarantees from Pivdenny Bank for electricity and gas market participants

Pivdenny Joint Stock Bank is happy to offer favorable terms and conditions for the issuance of banking guarantees to secure financial liabilities (guarantees of balancing) to participants in the natural gas and electric power markets.

Advantages of cooperation with our bank:

1. The amount of the cash coverage under the guarantee ranges from 0 % to 20 % subject to the rating of the principal.
2. The management fee is from 2.25 % per annum.
3. The commission for preparation of the required documents – from UAH 3,000.

Pivdenny Bank meets the terms and conditions for participation in transactions under financial guarantees as prescribed by the applicable Resolution of the National Energy and Public Utilities Regulatory Commission (the Bank’s long-term credit rating is uaAА).

The use of the banking guarantee from Pivdenny Bank will make it possible to streamline the processes of purchase/transportation of electricity or gas and to avoid "freezing" your company's working capital.

More details about the proposed service are given in the respective section.