XVII.OFFSHORE BANKING & INSURANCE --------------------------------------------- As this city has been built: on potentials of both foreign & local investment: Therefore, facilities for offshore banking and offshore insurance will be paramount for foreign investors, and industries engaged in export, owned by the locals. Industries and businesses of this city would use such offshore banking facilities. It is expected that hundreds of foreign, multinational, regional and international banks and insurance companies shall found a mature market over here, to operate their branches for business and investment. Side by side, local banking institutions and insurance companies can employ their reserves and capabilities, to generate more profit for them. Love City Company invites both the dealers of Bangladesh bank and also overseas banks, to employ their capital into this global mega city to build a huge capital market. So, that all the business and the industries can run well. Sponsors of Love City Ltd. expect that those offshore banks with unlimited investment capacity shall be willing to finance these city investors directly, without involvement of central bank as a guarantor. Their interest rate may be comparable to: London inter bank exchange rate. Such direct lending, from overseas banks, having their branches in this city, shall promote a sustainable industrial development, to compete in the global market, by this city industries. Government of Bangladesh as a key institution will obviously play a vital role with policy decisions for its own interest of developing her socio-economy.
Posted on: Tue, 13 Aug 2013 16:40:12 +0000
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