SJIBL 'offshore banking unit' inaugurated in DEPZ
Monday, 22 December 2008
FE Report
Shahjalal Islami Bank Ltd (SJIBL) has begun 'offshore banking' in the Dhaka Export Processing Zone (DEPZ).
The Offshore Banking Unit (OBU) of the bank was inaugurated at the DEPZ Sunday. SJIBL board of directors chairman Akkas Uddin Mollah inaugurated the unit as the chief guest.
A-category industrial units of the DEPZ and expatriate Bangladeshis will be able to take the direct services of the newly opened OBU. Both deposit and investments with US dollar, Euro, pound sterling, yen, Canadian dollar and Swiss Franc could be made in the OBU. Besides, term investment, letter of credit, export-import and guarantee can be issued in foreign exchange in the SJIBL Unit.
The opening ceremony was also addressed, among others, by Vice Chairmen Alhaj Mohammad Faruk and Syed Nurul Arefeen, Directors Engineer Mohd Touhidur Rahman, Mohd Solaiman, managing director Mohammad Ali and general manager of BEPZA Azizur Rahman.
SJIBL board of directors chairman Akkas Uddin Mollah in his speech said the newly opened OBU will provide state-of-the-art banking facilities to the foreign investors. He said SJIBL has continued its contribution to the economic development of the country.
Managing director Mohammad Ali said the service network of SJIBL has expanded worldwide and now the bank has 600 correspondence relationships with 287 renowned banks in the whole world.
He said as a new generation private commercial bank,the SJIBL has already earned confidence of the depositors and investors due to its strong commitment and dedication.
Shahjalal Islami Bank Ltd (SJIBL) has begun 'offshore banking' in the Dhaka Export Processing Zone (DEPZ).
The Offshore Banking Unit (OBU) of the bank was inaugurated at the DEPZ Sunday. SJIBL board of directors chairman Akkas Uddin Mollah inaugurated the unit as the chief guest.
A-category industrial units of the DEPZ and expatriate Bangladeshis will be able to take the direct services of the newly opened OBU. Both deposit and investments with US dollar, Euro, pound sterling, yen, Canadian dollar and Swiss Franc could be made in the OBU. Besides, term investment, letter of credit, export-import and guarantee can be issued in foreign exchange in the SJIBL Unit.
The opening ceremony was also addressed, among others, by Vice Chairmen Alhaj Mohammad Faruk and Syed Nurul Arefeen, Directors Engineer Mohd Touhidur Rahman, Mohd Solaiman, managing director Mohammad Ali and general manager of BEPZA Azizur Rahman.
SJIBL board of directors chairman Akkas Uddin Mollah in his speech said the newly opened OBU will provide state-of-the-art banking facilities to the foreign investors. He said SJIBL has continued its contribution to the economic development of the country.
Managing director Mohammad Ali said the service network of SJIBL has expanded worldwide and now the bank has 600 correspondence relationships with 287 renowned banks in the whole world.
He said as a new generation private commercial bank,the SJIBL has already earned confidence of the depositors and investors due to its strong commitment and dedication.