Local Letters of Guarantee


Guarantees issued by AJIB to local beneficiaries are called Local Letters of Guarantee. These are used primarily for bid bonds, performance bonds, advance payment guarantees, payment guarantees, in addition to guarantees issued in certain formats to different governmental entities.

AJIB can also discuss any guarantee verbiage provided by clients and will consider issuing such guarantees as long as they fulfill the international standards and guidelines, in addition to the internal policies of the bank that are in line with the regulations issued by the Central Bank of Jordan.