Question (Q): According to Bangladesh Bank's new circular, what steps have you taken regarding offshore banking?Answer (A): Social Islami Bank PLC has launched the Mudaraba...
In Bangladesh, offshore banking started in the mid-1980s, targeting to serve foreign-owned enterprises in Export Processing Zones (EPZs) initially. Over time, the sector has expanded...
Offshore Banking was introduced in Bangladesh by Bangladesh Bank on December 17, 1985 through a circular. Since then, offshore banking has been in Bangladesh as...
Offshore banking until recently has not been an issue of importance in Bangladesh. Banks did not pay any notable attention to this particular aspect of...
We are receiving very positive responses from both residents and non-residents residing in different countries. We are expecting to receive a significant amount of FC...
The recent expansion of operational freedom for offshore banking is potentially leading to notable successes, particularly in enhancing the country's foreign exchange reserves and attracting...
Offshore Banking refers rendering separate banking services in foreign currencies within the bank following separate laws and regulations of the Regulatory bodies. Offshore Banking is...
Offshore Banking Act 2024 enacted by Bangladesh Parliament with aim to reinforce the nation's foreign currency reserve and attracting foreign investment. It has the capacity...
Question (Q): Why will customers invest in your offshore banking products?Answer (A): BRAC Bank provides safety to the depositors as the bank maintains highest standard...
A refurbished framework of offshore banking raises hope for repleting Bangladesh's depleting foreign-exchange reserves as commercial banks started enjoying good response, especially from the countries...
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