Offshore finance subsidiary

(redirected from Offshore Banking Unit)
Also found in: Acronyms.

Offshore finance subsidiary

A wholly owned affiliate incorporated overseas, usually in a tax haven country, whose function is to issue securities abroad for use in either the parent's domestic or foreign business.

Offshore Finance Subsidiary

A wholly-owned subsidiary that exists in a foreign country, especially a tax haven. An offshore finance subsidiary issues stocks and bonds on behalf of the parent company outside the jurisdiction of the home country. The issues will therefore be subject to fewer regulations and perhaps also less scrutiny.
References in periodicals archive ?
Peter England, RAKBANK CEO, said, "We are pleased to have partnered with DFCC Bank to support their general expansion plan of the Offshore Banking Unit. This medium term financing allows us to diversify our asset book into various geographies while introducing DFCC Bank to the region."
RAKBANK arranges $10 million Medium Term Financing Solution to DFCC Bank in Sri Lanka
All foreign financial institutions and offshore banking units follow the same regulations as domestic financial entities.
Taiwan
AIB was established under international treaty by five Arab sovereigns in 1974 as an Egypt based offshore banking unit. The principal shareholders remain Arab Republic of Egypt and the State of Libya with a 38.76 per cent shareholding each, followed by Qatar with 4.984 per cent, Abu Dhabi with 12.503 per cent and Oman with 2.49 per cent.
Arab International Bank's ratings affirmed, remain on 'Negative' Outlook
In 1977, Bank of Tokyo obtained a license here to operate as an offshore banking unit, aka OBU, making it the only Japanese bank in the Philippines at that time.
Like it's such a big drill
Taiwan's de-regulation of the offshore banking unit (OBU) business, Citibank Taiwan announced its expansion in Taiwan's OBU wealth management business by partnering with Allianz Global Investors Hong Kong Ltd., Value Partners Ltd.
China,Hong Kong,Taiwan Province of China : CITIBANK TAIWAN eyes OBU wealth management in partnership with CHINESE investors
In Bahrain, Arab Bank PLC operates through five retail branches (excluding an offshore banking unit) and has about $250 million exposure to Bahrain through retail and corporate loans.
S&P removes Arab Bank (Bahrain) from Watch
Any cost or expense related to or incurred in the operation of the foreign currency deposit unit (FCDU)/expanded FCDU or offshore banking unit is not allowed as deduction from the RBU's taxable income.
Court tells BIR to stop issuing assessment notices
After already postponing the changes twice, reforms to Australia's Offshore Banking Unit (OBU) regime will finally become effective on July 1, 2015.
Australia : REFORMS to AUSTRALIA's OBU regime to enter force on JULY 1, 2015
The bank currently has three branches and an Offshore Banking Unit in Bahrain.
Futurebank to spend $15 million on new HQ
Any cost or expense related to or incurred in the operation of the foreign currency deposit unit (FCDU)/expanded FCDU (EFCDU) or offshore banking unit (OBU) is not allowed as deduction from the RBU's taxable income.
Banks accused BIR of violating court TRO
Maybank Investment Bank Berhad, the Hongkong and Shanghai Banking Corporation Limited Offshore Banking Unit Labuan and Nomura were Joint Lead Managers and Bookrunners for the Transaction.
Malaysia : Maybank Raises US$800.0 Million Subordinated Notes
Mega's offshore banking unit (OBU) is ready to float RMB-based bonds to help Taiwanese enterprises in China raise operating funds.
Mega sees highest RMB deposits among Taiwanese banks
Financial browser ?
Full browser ?