state bank Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “state bank” in the English Dictionary

"state bank" in Business English

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state banknoun [C]

uk   us   BANKING, GOVERNMENT
a ​bank that is ​owned by the ​government of a country: Millions of ​savers put their ​savings in the ​statebanks precisely because the ​governmentowns them. The country's ​privatecompanies are being ​starved of ​cash by both the stockmarket and the ​statebanks.
in the US, a ​bank that is ​controlled by the ​laws of a ​state rather than by ​nationallaws. A ​statebank 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)
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“state bank” in Business English

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