Bangladesh Bank has accorded their approval for opening three Offshore Banking Units (OBU), one in Motijheel Branch, Dhaka , another one in Agrabad Branch, Chittangong and other one in Gulshan Branch, Dhaka, of our Bank. Though the units came into operation from June, 2012 by financing against UPAS (Usance Payable at Sight) LCs of Authorized Dealer Branches, they also discount export bills and documents duly accepted by Authorized Dealers. Further,they are financing in the production oriented projects in foreign currency under Izara Bill Baia. They have also scopes to cater the need of financial supports and off-shore banking facilities to the 100% foreign owned / Joint Venture units in the EPZs. Local banks can also open their Nostro Accounts with the OBU units.