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International Banking Facility
(redirected from International Banking Facilities)

   Also found in: Wikipedia 0.01 sec.
International Banking Facility (IBF)
A branch that an American bank establishes in the United States to do Eurocurrency business.

International Banking Facility
A bank or other financial institution that makes loans and accepts deposits for foreign clients. IBFs are not subject to the same reserve requirements or interest rate restrictions as banks providing services for domestic clients. This allows them to be competitive with banks in foreign countries. See also: Eurodollar.


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Offshore banking is the name given to the use of banking services that are out-with the country of the depositor and international banking facilities are typically located on island nations.
Banks and financial institutions from Lebanon, Jordan and the Gulf states have opened up international banking facilities and branches in cities such as Aleppo and Latakia as well as Damascus.
Excludes commercial banks but includes international banking facilities as well as banks owned by foreign nonbank entities.
 
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