This circular expands the scope of services for offshore banking units (“OBUs”). It augments FE Circular No. 11 dated 30 January 2025 on Guidelines for the Offshore Banking Business of Scheduled Commercial Banks in Bangladesh, which provides operational instructions for OBUs, among other directives. The key highlights are provided below. Expansion of services for non-resident […]

In a move to enhance offshore banking in Bangladesh, scheduled commercial banks can now actively participate in offshore banking operations (OBOs) by obtaining approval from the Bangladesh Bank. The comprehensive guidelines, approval procedures, and operational protocols for OBOs, including the acceptance of foreign currency (FC) deposits, are meticulously outlined in BRPD Circular No-02  dated 25 […]