LABUAN OFFSHORE BANKING INDUSTRY OVERVIEW

& CAREER OPPORTUNITY

Presented by:

Mr. Khairudin Abd Rahman Chairman

Association of Labuan banks

What is Offshore Banking?

Advantages of Offshore Banking

Comparison between Offshore & Onshore Banking

OUTLINE

OFFSHORE BANKING

WHAT IS 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.

Origin of offshore 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

deposits and lend money to sources outside the jurisdiction where it is physically

located. The term off shore is derived from the physically remote location of the

offshore bank.

ADVANTAGES OF

OFFSHORE BANKING

Low taxation

jurisdiction

Internationally

recognised Investment

booster

Comprehensive

Banking

services

Offer

competitive foreign

exchange rate

Greater

security

ADVANTAGES Asset protection

against economic &

political unstable

OFFSHORE ONSHORE

Highly flexible because it serves the specific services as per their

need. It has a high level of personalization.

Not flexible but it provide services

up to a certain extent of

personalization.

Remains neutral in any situation like economic up-down, rules and regulations and political changes.

All type of adverse conditions affects the account.

The initial deposit is in large amount.

The initial amount is much lesser than the offshore banking account.

Only non-resident individual can open an account in the offshore

banking.

The standard eligibility requirement is followed.

An offshore bank account has no tax or a negligible tax.

An onshore bank account has standard tax rules.

COMPARISON OF

OFFSHORE

BANKING

Introduction of ALB

Products & Services

Benefits of Labuan Offshore Banking

OUTLINE

LABUAN OFFSHORE BANKING

OVERVIEW

The Association was incorporated on 26th April 1994 under the

Societies Act, 1966 under the initiative of its founding Chairman,

Maybank International (L) Ltd and Secretary, Public Bank (L) Ltd.

THE ASSOCIATION

34 ALB MEMBERS

Affin Bank Berhad, Labuan Branch

Ambank (M) Berhad, Labuan Offshore Branch

Bank AL Habib Limited

Bank Islam Malaysia Berhad, Labuan Offshore Branch

Bank Muamalat Malaysia Berhad, Labuan Offshore Branch

Bank of America NA, Labuan Branch

Bank of East Asia, Limited, The Labuan Branch

Bank of Nova Scotia, The Labuan Branch

MUFG Bank, Ltd., Labuan Branch

BNP Paribas, Labuan Branch

Cathay United Bank, Labuan Branch

CIMB Bank (L) Limited

Citibank, N.A., Labuan Branch

DBS Ltd., Labuan Branch

Deutsche Bank AG, Labuan Branch

Fidelity Asia Bank Ltd

First Abu Dhabi Bank PJSC, Labuan Branch

Hong Leong Bank Berhad, Labuan International Branch

Industrial and Commercial Bank of China (Malaysia) Berhad

ING Bank NV, Labuan Branch

JPMorgan Chase Bank, N.A., Labuan Branch

Kuwait Finance House Labuan

Maybank International Labuan Branch

Oversea-Chinese Banking Corporation Limited., Labuan Branch

Mizuho Bank, Ltd., Labuan Branch

Natixis, Labuan Branch

Public Bank (L) Ltd

Coӧperatieve Rabobank U.A., Labuan Branch RHB Bank (L) Ltd

Standard Chartered Bank Offshore Labuan Sumitomo Mitsui Banking Corporation, Labuan Branch

United Overseas Bank Limited., Labuan Branch

Please visit our website page

http://www.alb-labuan.com/default.asp

Mega International Commercial Bank Co.

Hongkong And Shanghai Banking Corporation Limited, Offshore Banking Unit Labuan

PRODUCTS &

SERVICES PRODUCTS

& SERVICES

CONVENTIONAL ISLAMIC

PRODUCTS &

SERVICES DERIVATIVES

INTERNET BANKING

TRADE SERVICES

COMMODITY TRADING

WEALTH MANAGEMENT

PRODUCTS &

SERVICES

Offshore banking in Labuan deals with

more than 16 currencies except

Malaysian Ringgit (MYR)

TREASURY SERVICES

DEPOSITS

CREDIT FACILITIES

REMITTANCES/FUND TRANSFER

FINANCING

High protection,

confidentiality

& privacy Financial

planning

Exception from

substantial duties

Wide range of

Investment

opportunities

Low rate

of interest

BENEFITS

Timeless & global access

to your account

BENEFITS OF LABUAN OFFSHORE BANKING

OUTLINE

Available Task in Offshore Banking

Prefered Qualification

CAREER OPPORTUNITIES

CAREER

OPPORTUNITIES

Labuan Banking Industry

hires more than 200

personnel, mostly people

from Labuan, Sabah &

Sarawak

CUSTOMER

SERVICE &

PAYMENT

RISK

MANAGEMENT

&

COMPLIANCE

CREDIT

&

TRADE

FINANCE

IT

FINANCE HUMAN

RESOURCES

AVAILABLE TASKS IN OFFSHORE BANKING

PREFERED QUALIFICATION

ANY BUSINESS DEGREES

IT

LAW

NOT LIMITED TO THE STATED QUALIFICATIONS,

AS LONG AS IT IS SUITABLE FOR THE

FUNCTION

THANK YOU