Standard Bank Ltd(Off-shore Banking)

Off-Shore Banking

Off-shore banking is a unique solution for banks across the globe to carry out international banking business involving non-resident foreign currency denominated assets and liabilities for captivating and advantage of low or nonexistent taxes/levies and higher return on investment.

Alongside the presence in the commercial hubs of the country, SBL has taken a position to extend its network in the special Export Procession Zone created for foreign investors and local entrepreneur engaged in 100 percent export based industry.

Offshore banking has increased rapidly all over the world since 1960s because of the growth of liquidity in the world financial markets. The full spectrum of financial services from offshore banks include deposit taking, money transmissions, provision of foreign exchange, trade finance, credit facilities, investment custody, investment management, fund management, trustee services and corporate administration.

Offshore centre is a separate territory does not to be located at offshore. It refers to the Banking operations that cover only non-residents and do not mix with the domestic Banking. An Offshore Banking centre is a place where deliberate attempt is made to attract international Banking by offering many concessions in the form of taxes and levies being imposed at lower rates or not being charged. A more important relaxation for the Offshore Banking is the exemption from restrictions on operations. Offshore Banking in these centers can carry on their activities of deposits taking and lending from/to international enterprises or investors without conflict with the domestic fiscal and monetary policy. In short, Offshore Banking is an international banking kept separate from domestic Banking. Offshore Banking business is especially free from most of the domestic taxes and levies.

Off-Shore Banking Branches:

1. Principal Branch
- Branch Name : Principal
  Branch Code: 002
  Manager Name: Manager Name: Mr. Md. Nazrul Islam, Executive Vice President.
  Address: Chamber Building, 122-124 Motijheel C/A,
  Dhaka-1000.
  
  Banking Hours(sun-thu): 10:00am-06:00pm
  Saturday Banking: 10am-01:00pm
  Phone: 9560299, 9559044, 9570893(F.Ex)
  Fax: 9559044
  Email: principal@standardbankbd.com
  Opening Date: 30-06-1999
2. Gulshan Branch
- Branch Name: Gulshan
  Branch Code: 009
  Manager Name: Mr. Md. Anwar Hossain, Executive Vice President
  Address: 4/A, Kemal Ataturk Avenue, Gulshan-2, Dhaka
  Banking Hours(sun-thu): 10:00am-06:00pm
  Saturday Banking: 10am-01:00pm
  Phone: 9881015, 8852679
  Fax: 9885164
  Email: gulshan@standardbankbd.com
  Opening Date: 13-11-2000
3. Agrabad Branch
- Branch Name : Agrabad
  Branch Code: 007
  Manager Name: Manager Name: M.U.M Musaddeque , Executive Vice President.
  Address: 102-103, World Trade Center(2nd Floor), Agrabad C/A. Chittagong.
  Banking Hours(sun-thu): 10:00am-06:00pm
  Saturday Banking: 10am-01:00pm
  Phone: 711808, 2513857,251385
  Fax: 713432
  Email: agrabad@standardbankbd.com
  Opening Date: 03-06-2000

Schedule of Charges