Offshore Accounts
We provide total banking solutions to carry out transactions in designated foreign currencies for the following entities:
- Companies approved under Section 17(2) of BOI which are exempted from the Provisions of Parts I, IA, II, III, IV, V and VI of the Exchange Control Act
- Exchange Houses
- Offshore companies
- For individuals holding foreign passport
- Special approved accounts (Special approval issued by Cabinet or Central Bank of Sri Lanka)
Deposit products
- Current Account
- Call Deposits
- Time Deposit - Available for periods of 1, 3, 6 or 12 months. Rollover permitted
Further information
- Interest will be paid on Call deposits, and Time Deposits.
- No cheque book issued for current accounts.
Available Currency of Offshore Banking Division
AUD JPY
CAD NZD
CHF SGD
CNY USD
EUR HKD
GBP NOK
DKK SEK
Benefits for FCBU Customers
- Fund Transfers
- Inward /Outward TTs
- Issuance/Collection of Drafts Purchasing of Drafts
- Forward Exchange Contracts
- Free movement of currency (Travelling purpose)
- Leasing
- Overdraft Facilities
- Short Term Revolving
- Trade Finance Activities
- Internet Banking Facilities
Other Benefits for FCBU Borrowers
- Lower cost of finance
- Interest rate fluctuations are low in comparison to LKR borrowings
- Less exposure to risk of exchange rate fluctuations
- Less exchange control regulations
- Concessions on tax & customs duty
Guarantee Facilities
- Bid Bonds
- Performance Bonds
- Advance Payment Bonds
- Letters of Guarantee
For more details :
The Assistant General Manager:
Tel : +94(11)233 8765 /+94 (11)220 3320
Fax : +94 (11)234 6536
Email: agmaffsho@boc.lk
Relationship Managers:
Tel :+94 (11)234 6551/+94 (11)220 3350/+94 (11)220 3322
Fax :+94 (11)244 5784
Email: smosh@boc.lk
