OBU

(redirected from Offshore Banking Unit)
Also found in: Financial.
AcronymDefinition
OBUOklahoma Baptist University
OBUOuachita Baptist University
OBUOptical Business Unit
OBUOffshore Banking Unit
OBUOne Big Union
OBUOnboard Unit
OBUOld Boys Union
OBUOperational Base Unit
OBUOSIS Baseline Upgrade
OBUOld Baptist Union (est. 1880)
OBUOutside Broadcast Unit
OBUOccasional Business Use
OBUOverseas Business Unit
OBUOSIS Baseline Group
OBUOut of Balance Unit
References in periodicals archive ?
A foreign bank may operate an offshore banking unit (OBU) in the Philippines, after the issuance of a certificate of authority to operate by the Monetary Board and registration with the Securities and Exchange Commission (SEC).
BAL's foreign branches are located in Afghanistan (2) and Bangladesh (5), while its offshore banking unit is based in Bahrain.
Insurance companies, for example, are no longer taxed at a 4% OBU (Offshore Banking Unit) rate, but at a flat 10% rate which is applied to both local and multinational firms.
DFCC Bank has secured the loan for general expansion of its Offshore Banking Unit (FCBU).
The Taiwanese company has also decided to acquire RBS' offshore banking unit in Malaysia, Labuan Offshore Banking, for USD132.5m.
AIB was established under international treaty by five Arab sovereigns in 1974 as an Egypt-based offshore banking unit.
Australia has set July 2015 as the target date for the introduction of reforms to the offshore banking unit (OBU) regime.
The Bank also has representative offices in Tehran, Kazakhstan and Beijing, an associated exchange company in Muscat, Oman and an offshore banking unit in Karachi's Export Processing Zone.
(through the offshore banking unit of Taipei branch); Bank of America Merrill Lynch; Hua Nan Commercial Bank Ltd.
AIB was established under international treaty by five Arab sovereigns in 1974 as an Egypt-based offshore banking unit. The major shareholders (>10 per cent) are: Arab Republic of Egypt, Libya and Abu Dhabi Investment Authority.
NBAD, the Number One Bank in the UAE, first entered the Kingdom of Bahrain in 1977 when it launched its Offshore Banking Unit in the country.
The financial institution must then submit an application to port authorities to establish an offshore banking unit (OBU) in the free-trade zone.