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end: 21/05/2024 12:38:38.588
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mof_content/internet/The Government/Government/zzzzTop Left Nav
Top Left Nav
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mof_content/internet/The Government/Government/Gov Home Left Nav
Gov Home Left Nav
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Private Banking / Offshore Banking
Offshore banking is a term used for places, many of them islands, whose very liberal banking laws attract deposits in Euro currency. Euro currencies, including Euro dollars, are deposits in currencies other than the currency of the country in which the deposit is held.
Foreign bank branches in these islands, which are called offshore financial centres, merely act as administrative or accounting units for the Euro currency transactions, which originate from their Head Offices or other branches overseas. The transactions are merely entered into the books of the branches in the host country as a deposit or a loan, on the advice of Head Office or other branches.
mof_content/internet/The Government/Government/Business and Finance/Banking/Private Banking/Private Banking
Private Banking
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end: 21/05/2024 12:38:38.615
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mof_content/internet/The Government/Government/Business and Finance/Banking/Private Banking/Private Banking
Private Banking
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mof_content/internet/The Government/Government/Business and Finance/Banking/Private Banking/Private Banking
Private Banking
start: 21/05/2024 12:38:38.622
end: 21/05/2024 12:38:38.623
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