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Guarantees and Letters of Credit

Reliable protection for your transactions
Types of Letters of Credit
Covered Letter of Credit

100% cash coverage available

Uncovered Letter of Credit

Credit or pledged assets are used

Partially Covered Letter of Credit

Use of cash coverage or a credit line

How to Apply

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Submit a Request for Consultation

Other Halyk Business Products

Onlinebank
Manage your business online – fast, convenient, and secure
Loans
Online business financing on favorable terms
For Tenders
Simple solutions for participating in tenders

Frequently Asked Questions

What is a bank guarantee?

It is the bank’s obligation to pay funds to the beneficiary if the client fails to fulfill contractual obligations fully or partially

What types of guarantees are available?

By type of security, Halyk issues three types of guarantees:

  • Covered guarantees – with 100% cash collateral using the client’s own funds
  • Uncovered guarantees – issued within the client’s credit line
  • Unsecured (blank) guarantees – issued without collateral
What are the fees for issuing guarantees?
  • Covered guarantees – 0.2%, min. KZT 17,000, max. KZT 160,000
  • Uncovered guarantees – 0.2%, min. KZT 16,000, max. KZT 160,000
  • Covered tender guarantees – up to KZT 100,000: KZT 6,000; over KZT 100,000 – 0.2% (min. KZT 12,000, max. KZT 64,000)
  • Unsecured tender guarantees – up to KZT 5 mln – 1.75% (min. KZT 10,000); over KZT 5 mln – 1.5%
  • Unsecured performance guarantees – 5% (min. KZT 6,000)
In what form are bank guarantees issued?
  • Electronic guarantees
  • Paper guarantees (on bank letterhead)
  • Guarantees issued via the SWIFT system
Is it possible to apply for a guarantee online?

Yes, guarantees can be issued online without visiting the bank – covered, uncovered, and unsecured guarantees

Where can I apply for a guarantee?
  • Covered guarantees – new web Onlinebank.kz
  • Uncovered guarantees – old web Onlinebank.kz
  • Unsecured digital guarantees (CBTG and Performance) – new web Onlinebank for Business and the Onlinebank mobile app
  • Unsecured tender guarantees (non-digital) – at Halyk branches