CORPORATE BANKING
OFF-SHORE BANKING UNIT

Who are we for;

  • Non Residents according to Section 86 of the Banking Act No. 30 of 1988
  • Export oriented businesses; Board of Investment approved companies registered under sec. 17 of the BOI Act and off-shore ventures away from Sri Lanka.
  • Any other resident approved by the Monetary Board of the Central Bank of Sri Lanka

Why choose Off Shore Banking;

  • Free from normal exchange control regulations
  • Export tax benefits
  • Free of customs duty
  • Lower interest rates on borrowings when compared with local currency
  • Borrowings in Foreign Currency & therefore Exchange rate fluctuations will not affect the customer

What we offer;

  • Assistance to open demand deposit Accounts & Time Deposit Accounts
  • Trade Services Facilities for Imports & Exports
  • Inward & Outward Remittances
  • Trade Financing / Project Financing / Term Loan & Syndicated Loan Facilities
  • Knowledge & advisory Services
  • Special guidance for new investors to bring their Investments Via SIA Accounts
  • Tailor made credit packages and excellent customer service

Why Choose Us:

  • Speedy and efficient delivery of specific business needs
  • Attractive Exchange Rates
  • Documents checking expertise
  • Competitive Rates of Interest for advances
  • Global Transaction through our network of over 900 overseas correspondents in 110 countries
  • Quick credit appraisal and approval ensuring the clients to be able to access banking facilities at a minimum time period
  • Quick processing of Pre Shipment and Post Shipment Loan request of exporters.
  • Fully automated network over 700 branches

Designated Currencies

  • United States Dollar (USD)
  • Sterling Pounds (GBP)
  • EURO (EUR)
  • Australian Dollar (AUD)
  • Japanese Yen (JPY)
  • Singapore Dollar (SGD)
  • Hong Kong Dollar (HKD)
  • Canadian Dollar (CAD)
  • Chinese Yuan Renminbi (CNY)
  • Swiss Frank (CHF)
  • Danish Kroner (DKK)
  • New Zealand Dollar (NZD)
  • Norwegian Kroner (NOK)
  • Swedish Kroner (SEK)

Accounts: Demand Deposits Accounts

  • Initial Deposit of USD 1,000/- or its equivalent in other designated currencies is accepted for companies
  • Initial Deposit of USD 500/- or its equivalent in other designated currencies is accepted for individuals

Time Deposits Accounts

  • Minimum Deposit of USD 10,000/- or its equivalent in other designated currencies is accepted.
  • Deposits may be placed on 7 Day Call, 1 Month, 3 Months, 6 Months or 12 Months. Attractive interest rates will be offered for the Time Deposits.

Other Services

  • Foreign Draft & Foreign Currency purchasing/clearing and collections
  • Inward / Outward Remittance handling
  • Fund Transfers, RTGS and Issuing Pay Orders
  • Fund Management Facilities for Financial Institutions

TRADE FINANCING: Services Provided for Importers

  • Short Term Loan(STL) and Export Trust Receipt Loan (ETR) facilities for
  • Working Capital Requirements
  • Purchase of Raw Materials(Import/Local)
  • Imports Bill Retirement
  • Issuance of Bank Guarantees
  • Following facilities for Import of Raw Materials and other goods and services relevant to Business
  • Opening of LCs
  • Handling of Collection Bills
  • Knowledge and Advisory services on International Trade and Business

Services Provided for Exporters

  • Documentary Checking.
  • Documentary Credit Advice and Confirmation.
  • Export Documentary Credit Transfers.
  • Handling Export Collections.
  • Direct presentation of Documents to Banks and Buyers.
  • Negotiation/Purchasing/Discounting of Documents.
  • Correspondent Handling
  • Payment for relevant export document
  • Knowledge and Advisory services on International Trade and Business.
  • Assisting to get information / status report about the overseas buyers and market information

CREDIT FACILITIES

  • Project Financing
  • Structured Term Financing
  • Working capital financing
  • Import Financing
  • Export Financing
  • Syndicated Finance Facilities
  • Corporate Financial Advisory
  • Trade related facilities
  • Corporate Financial Advisory

Download Applications

Contact Details

Off-Shore Banking Unit
1st Floor – Head Office Building
75, Sir Chittampalam A Gardiner Mawatha,
Colombo 02

General Nos. : 0112481534, 2206703, 2206749, 2206745, 2206746, 2206747, 2206731

Fax No. : 0112470303
SWIFT : PSBKLKLX
E-Mail : fcbu@peoplesbank.lk

Head of Corporate Banking

Tel, : 011 2336805
Fax No. : 011 2332748

Chief Manageress

Tel, : 011 2206749
Fax No. : 011 2470303