Deposit for OBU

Most of the private commercial banks in Bangladesh operates Offshore Banking unit (OBU) with the approval of regulatory authority to operate banking activities denominated in FCY.

OBUs are allowed to accept deposits from outside Bangladesh and borrow from abroad. They will also be free to make advances / investments abroad and also make permissible transactions with industries in the EPZs (Export Processing Zone).

Collecting deposit from allowable sources in FCY and lending it at higher rate to bank’s existing clients is a profitable business. Moreover capacity to lend in FCY always attracts new clients to bank as historically there is always a bigger gap between lending rates of BDT and FCY. But such deposit source is too limited within Bangladesh.

ITTS with the help of it’s overseas connected network can assist BD banks to procure deposits in FCY at a competitive rates