Bank of Asia (BVI) Limited was established in 2018 to address the growing needs of offshore companies, their owners and other multinational conglomerates with the focus on offshore companies based in China and other parts of Asia. Bank of Asia (BVI) Limited is a digital bank, offering account opening online while supporting a robust Know Your Customer and Anti Money Laundering regime. Bank of Asia (BVI) Limited is building best-in-class wealth management platform to provide our customers with securities and foreign exchange, margin financing and wealth management services at competitive rates.
Although there is no deposit guarantee scheme in the British Virgin Islands, the Government of the British Virgin Islands acknowledged the need to offer some level of security to depositors. In May 2016, the Virgin Islands Deposit Insurance Act 2016 (VIDIC Act) providing necessary framework was published. The implementation of the deposit insurance system is designed to protect at least savings of domestic depositors in the Territory: in the case of Bank of Asia (BVI) Limited failure its depositors will not get any compensation.
Bank of Asia (BVI) Limited is located in Tortola.