Meaning of “state bank” in the English Dictionary

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"state bank" in Business English

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state banknoun [ C ]


a bank that is owned by the government of a country:

Millions of savers put their savings in the state banks precisely because the government owns them.
The country's private companies are being starved of cash by both the stockmarket and the state banks.

in the US, a bank that is controlled by the laws of a state rather than by national laws. A state bank does not have to be a member of the Federal Reserve System

(Definition of “state bank” from the Cambridge Business English Dictionary © Cambridge University Press)