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English definition of “agent bank”

agent bank

noun [C]
 
 
BANKING
a bank that deals with local business and financial arrangements for a foreign bank: If your bank can receive a wire in Singapore dollars then it will not go through an agent bank.
( also lead bank) a bank that represents a group of banks in managing large loans that they have made together: Goldman Sachs was the agent bank on the $1.23 billion loan.
(Definition of agent bank from the Cambridge Business English Dictionary © Cambridge University Press)
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