AB Bank Limited - Products & Services - Investment Banking


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Products & Services

Investment Banking

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Custodial Service

Customers:
Investors who are interested to invest in the Bangladesh Capital Market
   • Non Resident Bangladeshi (NRBs)
   • Foreign Institutional and individual clients
   • Local Institutions
   • Sponsors' group and High net worth client

Services:
   • Safe custody of client securities
   • Foreign Trade Execution and Settlement
   • Share transfer in the name of client
   • Complete the Dematerialization process as per client request
   • IPO, Private Placement & Right share subscription as per client instruction
   • All types of corporate action that includes cash dividend, bonus share and right share collection
   • Open BO account and facilitate opening of Trading Account
   • Instant information regarding client securities position as per their request
   • Quarterly reporting to the client by Custodial Department

Account Opening Procedure

Criteria for opening an account:

The non-resident investor shall open a NITA(Non-resident investors’ taka account) with any commercial bank in Bangladesh, with freely convertible foreign currency remitted from abroad through normal banking channel or by transfer of funds from the non-resident investor's foreign currency account, if any, in Bangladesh;
Any two Bangladeshi national and Non Resident Bangladeshi of sound mind having a minimum age of 18 years may open two accounts on each in their single name and the other in their joint names.
Account opening absolutely depends upon the management of AB Bank Ltd.
Proper documents should be submitted at the time of account opening.
Foreign investor has to open FC account along with NITA account at the time of custodial account opening.

Account opening formalities

Foreign Currency Account & Non-resident Taka Account (NITA) Opening:

Duly signed account opening form
Submit Name, signature and photograph of the Nominee
Transaction profile
Signature of an introducer must be incorporated
Supporting Documents:

Copy of the passport
Bank statement/ Work permit (in case of NRB)

Custodial Account Opening:

Duly Signed account opening form of Custodial
Duly signed custodial agreement (must be signed on all pages)
Duly signed Power of Attorney (POA) in non-judicial stamp of Tk. 150/-
Supporting Documents:

Copy of the passport
Bank statement/ Work permit (in case of NRB)

Beneficiary Owner (BO) Account Opening:

Duly signed BO account opening form
Duly signed BO agreement (must be signed on all pages)

Brokerage Account Opening:

Duly signed account opening form with AB Securities Limited
Nomination Form duly signed
Agreement with AB Securities Limited
Supporting Documents:
Copy of the passport
Bank statement/ Work permit (in case of NRB)

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	AB Bank Limited, BCIC Bhaban, 30-31 Dilkusha C/A, Dhaka 1000 Phone: +880-2-9560312 Fax: +880-2-9555098 Email: info@abbank.com.bd	Disclaimer \| Privacy Policy \| Terms & Conditions © Copyright AB Bank Limited. All rights reserved.