SD Circular No. 03: Allocation of OBU Codes for Bank Companies

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Bangladesh Bank (Central Bank of Bangladesh) Head Office Motijheel, Dhaka-1000 Bangladesh.

Website: www.bb.org.bd

Statistics Department

SD Circular No. 03 Date: 7 Chaitra, 1428 21 March, 2022

Managing Director/Chief Executive All Scheduled Banks operating in Bangladesh.

Dear Sir,

Subject: Regarding Allocation of OBU code for Bank Companies' Offshore Banking Units (OBU).

With the increase in economic activities, the operations of Offshore Banking Units (OBU) are rapidly expanding. To properly collect, compile, and store OBU data/information, the necessity of allocating an OBU code for each OBU has been observed. The following instructions are provided to ensure proper reporting of OBU data/information:-

1. Applications for an OBU code, along with relevant documents, must be submitted to the Statistics Department within 07 (seven) working days of a new OBU commencing operations.

2. If an OBU ceases operations, the Statistics Department must be informed for code cancellation within 07 (seven) working days.

3. Previously allocated OBU codes (including those allocated by AIPD) will remain valid.

4. After obtaining approval for an Offshore Banking Unit, OBU codes for data/information submission will be allocated exclusively by the Statistics Department of Bangladesh Bank.

These instructions are issued with the approval of the appropriate authority.

Yours faithfully,

(Md. Saiful Islam) Deputy General Manager Phone: 9530535

Phone: 88-02-9550448, 9554886, IP: 88-02-55665001-6, Fax: 88-02-9530479, www.bb.org.bd