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Eurobank

   Also found in: Wikipedia 0.03 sec.
Eurobank
A bank that regularly accepts foreign currency-denominated deposits and makes foreign currency loans.

Eurobank
1. A bank that regularly or primarily accepts deposits in currencies other than the one used in the country where the bank is located. Eurobanks also make loans primarily in different currencies. See also: Eurocurrency.

2. See: EuroBancshares, Inc.


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Athex: National Bank of Greece, Coca Cola HBC, OPAP, EFG Eurobank Ergasias OTE, Alpha Bank, Public Power Corporation, Piraeus Bank, Hellenic Petroleum, Marfin Investment Group, Titan Cement Company, Alapis, Motor Oil (Hellas), Ellaktor ve Jumbo.
Bulgaria's Postbank, majority-owned by Greece's Eurobank EFG Group, and card company American Express sealed a five-year extension that will maintain Postbank as the exclusive issuer of American Express credit cards in Bulgaria.
Consequently, Eurobanks must offer a premium over domestic rates; otherwise depositors would not bear the sovereign risks of the country in whose jurisdiction the Eurobank operates or the transfer risk of the country whose currency denominates the deposit (9).
 
 
 
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