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Submitted By nurul2012
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1. Summary

The purpose of this proposal is to facilitate the establishment of a regulated United Kingdom (UK) Company named NRB Community Bank which provides international recognition and credentials for fund raising and management as well as investing in Bangladesh. NRB Community Bank will focus on providing services to the High Net Worth (HNW) clients and Small & Medium Enterprises (SME) in the UK and from Bangladesh and will carry on other regulated retail bank activities as appropriate.

The NRB Community Bank will go into a partnership arrangement with an existing retail bank and offer the banking services in a “white-label” arrangement where the NRB Community Bank will market and target the community in utilizing the retail banks products and services similar to what has been done by Tesco Bank and Sainsbury’s Bank. NRB Community Bank will make all the investments and acquire the retail customers from the target community and share the revenue with the retail bank partner.

NRB Community Bank will be the first Bangladeshi commercial company formed and operating in the UK under the Financial Services Authority (FSA) regulations and fully transparent and accountable to the UK companies’ laws and compliances. The primary objective of the Company will be to service to the Non Resident Bangladeshis (NRB) in the UK and Europe and invest in portfolio of projects in Bangladesh that provides significant return to the investors and shareholders.

NRB Community Bank will seek to provide investment products and retail bank services to the Non Resident Bangladeshi (NRB) market in Europe which has been under serviced by conventional investment products and services. NRB Community Bank intends to become a major participant in the investment retail market for the NRB community, which is currently experiencing rapid growth and has the appetite to invest in Bangladesh.

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