Receiving Bank

(redirected from Receiving Banks)

Receiving Bank

A bank that collects an electronic transfer from another bank. It is also called a receiving depository financial institution.
References in periodicals archive ?
Dollars that the central bank provides to domestic lenders under a refinancing programme pass through correspondent accounts in the US and could be seized if the receiving banks are under sanctions.
Those investors who completed their applications for shares will be immediately refunded through the lead receiving banks, the company added.
Abu Dhabi Islamic Bank, Dubai Islamic Bank, First Gulf Bank, and Union National Bank are acting as receiving banks in connection with the offer.
A circular issued by India s Central Board of Excise and Customs maintains that the commission that overseas exchange houses pay to receiving banks in India (such as State Bank of India or ICICI, etc.
GIB Capital and HSBC are acting as financial advisers and bookrunners with Samba Financial Group, NCB itself, Riyad Bank, Arab National Bank, Saudi Hollandi Bank, the Saudi Investment Bank, Banque Saudi Fransi and Saudi British Bank acting as receiving banks.
Doha Bank is one of the receiving banks for the IPO and will receive subscriptions from both existing customers and non-customers at all of its branches in Qatar.
Saudi Fransi Capital confirmed that the receiving banks had received subscription applications for in excess of 632 million shares by the close of the rights issue offer period, representing demand of SR6.
The list of receiving banks is Banque Saudi Fransi, Al-Rajhi Bank, Alinma Bank, Bank AlBilad, The National Commercial Bank, Samba Financial Group, Saudi Hollandi Bank, Arab National Bank, Bank Aljazira, Riyad Bank, SABB and The Saudi Investment Bank.
The list of receiving banks include Banque Saudi Fransi, Al Rajhi Bank, Alinma Bank, Bank AlBilad, The National Commercial Bank, Samba Financial Group, Saudi Hollandi Bank, Arab National Bank, Bank Aljazira, Riyad Bank, SABB and The Saudi Investment Bank.
Mashreq Bank will act as the lead receiving bank, with National Bank of Abu Dhabi, National Bank of Fujairah and Finance House as receiving banks.
The receiving banks in Bahrain are Standard Chartered Bank (lead receiving bank), Ahli United Bank, Al Baraka Islamic Bank, Al Salam Bank-Bahrain and Bahrain Islamic Bank.
During the offering period, eligible shareholders may submit their applications to subscribe for rights issue shares through any branch of the five receiving banks, which are Banque Saudi Fransi (BSF), Samba Financial Group, SABB, The National Commercial Bank, and Riyad Bank.