A banking syndicate formed by multiple banks, often from different countries, for the singular purpose of financing a specific project that is too large for any individual bank to finance on its own. Under this arrangement participating banks acquire a common interest and share equally in the risk and the profits. Upon completion of the project the consortium bank is disbanded.
Related information about consortium bank:
- Consortium Bank Definition | Investopedia
A consortium bank is created to fund a specific project (such as providing affordable homeownership for low- and moderate-income home buyers) or to execute ...
- Consortium Bank - Financial Dictionary - The Free Dictionary
A subsidiary bank owned by several different banks. Each owner bank has an equal share so that no bank is the majority shareholder. The owner banks are ...
- What is consortium bank? definition and meaning
Definition of consortium bank: A banking syndicate formed by multiple banks, often from ... Upon completion of the project the consortium bank is disbanded.
- What is CONSORTIUM BANK? - The Law Dictionary
Definition of CONSORTIUM BANK: A form of MERCHANT BANK, popular in the EUROMARKETS during the 1970s and 1980s, jointly owned by several large ...
- What Is a Consortium Bank?
A consortium bank is a type of banking operation that is created by several other financial institutions, such as investment banks. The purpose for this type of ...
- consortium bank - Invest Definition
consortium bank definition: A banking subsidiary set up by several banks that may be headquartered in different countries. Consortium banks are commonly ...
- consortium bank : defined at Finance Glossary
consortium bank : A bank jointly owned by a number of other banks in which no single owner has a controlling interest....
- New Bank consortium 'bank only' FX platform. Doomed to fail?
Dec 13, 2010 ... Recent press coverage (here) about top Global FX banks setting up a new 'inter- bank' only FX platform, dubbed “PureFX”. At first glance, this ...