LABUAN OFFSHORE BANKING INDUSTRY OVERVIEW & CAREER OPPORTUNITY

Presented by: Mr. Khairudin Abd Rahman Chairman Association of banks OUTLINE

What is Offshore Banking?

OFFSHORE Advantages of Offshore Banking BANKING Comparison between Offshore & Onshore Banking Definition Offshore banking is the financial concept of either placing assets (depositing) which are normally in the form of hard currency in the safekeeping of a bank account, or borrowing money (loans) from a bank which is located in an offshore financial center. In support of this concept, the offshore bank is limited by licensed to receive WHAT IS deposits and lend money to sources outside the jurisdiction where it is physically OFFSHORE located. The term off shore is derived from the physically remote location of the BANKING? offshore bank. Origin of offshore banking

The term "offshore bank" originated with banks that were established on the British Channel Islands, off the coast of northwest France. These institutions were set up as tax havens to attract more investment. Internationally Low taxation recognised Investment jurisdiction booster ADVANTAGES Offer OF ADVANTAGES Asset protection OFFSHORE BANKING competitive foreign exchange rate against economic & political unstable

Greater Comprehensive security Banking services OFFSHORE ONSHORE

Highly flexible because it serves Not flexible but it provide services the specific services as per their up to a certain extent of need. It has a high level of personalization. personalization. COMPARISON OF Remains neutral in any situation All type of adverse conditions like economic up-down, rules and affects the account. OFFSHORE regulations and political changes. BANKING The initial deposit is in large The initial amount is much lesser amount. than the offshore banking account. Only non-resident individual can The standard eligibility open an account in the offshore requirement is followed. banking. An offshore bank account has no An onshore bank account has tax or a negligible tax. standard tax rules.

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Introduction of ALB LABUAN OFFSHORE Products & Services BANKING OVERVIEW Benefits of Labuan Offshore Banking

THE ASSOCIATION

The Association was incorporated on 26th April 1994 under the Societies Act, 1966 under the initiative of its founding Chairman, International (L) Ltd and Secretary, Public Bank (L) Ltd.

Affin Bank Berhad, Labuan Branch United Overseas Bank Limited., Labuan Branch Maybank International Labuan Branch Ambank (M) Berhad, Labuan Offshore Branch Deutsche Bank AG, Labuan Branch Kuwait Finance House Labuan Sumitomo Mitsui Banking Corporation, Labuan Branch Standard Chartered Bank Offshore Labuan Public Bank (L) Ltd Mizuho Bank, Ltd., Labuan Branch Bank Islam Berhad, Labuan Offshore Branch First Abu Dhabi Bank PJSC, Labuan Branch ING Bank NV, Labuan Branch Bank of America NA, Labuan Branch Coӧperatieve Rabobank U.A., Labuan Branch RHB Bank (L) Ltd Bank of East Asia, Limited, The Labuan Branch JPMorgan Chase Bank, N.A., Labuan Branch DBS Ltd., Labuan Branch Bank of Nova Scotia, The Labuan Branch Oversea-Chinese Banking Corporation Limited., Labuan Branch Fidelity Asia Bank Ltd Industrial and Commercial Bank of China (Malaysia) Berhad MUFG Bank, Ltd., Labuan Branch Natixis, Labuan Branch BNP Paribas, Labuan Branch Berhad, Labuan International Branch Bank AL Habib Limited Cathay United Bank, Labuan Branch Bank Muamalat Malaysia Berhad, Labuan Offshore Branch CIMB Bank (L) Limited Citibank, N.A., Labuan Branch Mega International Commercial Bank Co. Hongkong And Shanghai Banking Corporation Limited, Offshore Banking Unit Labuan

Please visit our website page 34 ALB MEMBERS http://www.alb-labuan.com/default.asp

PRODUCTS & PRODUCTS SERVICES CONVENTIONAL & ISLAMIC SERVICES DEPOSITS

WEALTH MANAGEMENT FINANCING

PRODUCTS CREDIT FACILITIES INTERNET BANKING & PRODUCTS COMMODITY SERVICES DERIVATIVES TRADING & SERVICES TREASURY SERVICES TRADE SERVICES

Offshore banking in Labuan deals with more than 16 currencies except REMITTANCES/FUND Malaysian Ringgit (MYR) TRANSFER High protection, confidentiality Financial Wide range of & privacy planning BENEFITS Investment OF LABUAN opportunities OFFSHORE BANKING Exception from BENEFITS substantial duties

Timeless & global access to your account Low rate of interest OUTLINE

Available Task in Offshore Banking CAREER OPPORTUNITIES

Prefered Qualification CAREER OPPORTUNITIES

Labuan Banking Industry hires more than 200 personnel, mostly people from Labuan, Sabah & Sarawak CUSTOMER RISK CREDIT MANAGEMENT & SERVICE & IT & TRADE PAYMENT COMPLIANCE FINANCE

HUMAN FINANCE RESOURCES

AVAILABLE TASKS IN OFFSHORE BANKING ANY BUSINESS IT DEGREES

PREFERED QUALIFICATION

NOT LIMITED TO THE STATED QUALIFICATIONS, LAW AS LONG AS IT IS SUITABLE FOR THE FUNCTION THANK YOU