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