Meaning of “agent bank” in the English Dictionary

"agent bank" in Business English

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agent banknoun [ C ]


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)