consortium bank

consortium bank definition - finance
A banking subsidiary set up by several banks that may be headquartered in different countries. Consortium banks are commonly formed in Europe. A consortium is created to fulfill a specific project or goal or to complete deals, such as selling loans for a client in the loan syndication market. When the deal is completed, the consortium bank disbands.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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consotium banks deal in large deposits and lending.

Posted by anonymous 53 days ago.

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