A letter of guarantee facility /Kafalah/ is a written promise issued by a bank / irrevocable obligation by the Bank to compensate (pay a sum of money) to the beneficiary in the event that the obligor fails to honor his/her/its obligations in accordance with the terms and conditions of the contract.

Types of Kafalah /Guarantee/ Bunna bank offers:

1. Bid Bond
2. Performance Bond
3. Advance Payment
4. Retention guarantee
5. Suppliers’ guarantee
6. Customs Bond Guarantee