An offshore bank is a bank located outside the country of residence of the depositor, typically in a low tax jurisdiction or tax haven that provides financial and legal advantages. These advantages typically include: (i) greater privacy; (ii) low or no taxation; (iii) protection against local political or financial instability. It is completely a separate entity than the parent bank. The major functions of offshore bank are borrowing and lending in non- resident foreign currency, both in short, medium and long term.
Bank Asia has commenced its Offshore Banking Unit (OBU) in January 2008 at Chittagong Export Processing Zone (CEPZ) under the approval from Bangladesh Bank (Central bank of Bangladesh) with a view to bring global opportunities inside the country for better customer service. The OBU has earned enormous confidence of the foreign investors due to its strong commitment and dedication over the years. As a result, IFC, ADB and many more DFIs, foreign banks and financial institutions have become our strategic business partner. We are providing all types of quality banking services to Type-A industrial units (100% Foreign owned) of the Export Processing Zones (EPZs) & Special Economic Zones (SEZs) in foreign currency. Apart from that, the OBU also provides other banking facilities like Import Bill Discounting (UPAS-Usance Payable at Sight), Export Bill Discounting and FC Term Loan to onshore local customers ensuring proper compliance and regulations.
The OBU of Bank Asia has been able to make good customer relationship in this short period of time by ensuring maximum level of professionalism, excellent service and competitive pricing.
OBU of Bank Asia provides the following types of Accounts
OBU of Bank Asia is offering below loans and advances products:
Bank Asia PLC.
Offshore Banking Unit, Zone Service Complex, CEPZ, Chittagong-4233
Phone: +8809617905100
Email: obu.ba@bankasia-bd.com
Contact person's
Name: Mr. Sucharit Barua
E-mail: sucharit.barua@bankasia-bd.com
Cell Number: +880-1713108856
Corporate Office for OBU related Service:
Bank Asia Tower (6th Floor),
32 & 34 Kazi Nazrul Islam Avenue,
Karwan Bazar, Dhaka -1215
Contact person's
Name: Mr. Muket Abdullah
E-mail: muket.abdullah@bankasia-bd.com
Mr. Md. Ariful Islam
E-mail: arif.islam@bankasia-bd.com
Board of Directors