AB Bank PLC. has started its Offshore Banking Operation in 2009 with due permission from regulatory authorities. Since inception, Offshore Banking Unit of AB Bank PLC. has been satisfying various customer needs related to foreign currency deposit and international trade settlement by offering effective and efficient services.
Offshore Banking (OBU) Account (Current, Savings & Fixed Deposit)
- Account can be opened in USD/GBP/EURO
- Minimum deposit USD 1000 or equivalent
- Foreign currency deposited in this account is freely convertible into Taka
- Foreign currency balance is freely remittable aboard
- No tax on interest income
Who can open
- Persons resident outside Bangladesh
- Non-resident Bangladeshi nationals
- Persons of Bangladeshi origin
- Foreign nationals
- Age: 18 and above
International Banking (IB) Account (Current & Fixed Deposit)
- Account can be opened in USD/GBP/EURO
- Foreign currency deposited in this account is freely convertible into Taka
- No tax on interest income
- Balance is transferable to on-shore banking to meet expenses and for investments
- Balance with interest/profit is freely remittable aboard
Who can open
- Any Resident Bangladeshi having bona-fide relations with non-resident.
- IB account-holder will act as facilitator of remitters and utilize the funds accordingly.
- Age: 18 and above
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