Consortium Bank

Consortium Bank

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 often in different countries. A consortium bank is created to finance a specific project; once the project is complete, the consortium bank dissolves itself. While they are not as common as they once were, they are useful when a project involves multiple currencies.
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In 2018, BankDhofar became the first bank from Oman to join the Blockchain consortium bank chain, a consortium of global banks for exploring, building and implementing Blockchain solutions.
He is also well known to Arab Banking Corporation BSC, having previously worked for ABC in Bahrain from 2000 to 2005.***Notes to EditorsArab Banking Corporation ("ABC") is a consortium bank owned by Kuwait, Abu Dhabi and Libyan government agencies.
ACON Aktienbank AG is the consortium bank and designated sponsor.
Proving the existence of collateral for credit or financial guarantee or the deposit of a sum of money NGO Estonian Library Network consortium bank account number 10022055199002, SEB Bank, IBAN EE691010022055199002.
The investigation showed that Sandip Jhunjhunwala was engaged in arranging false purchase/sales of invoices of rice and paddy through brokers/dealers of Delhi for availing maximum working capital limits from the consortium banks and diverted working limits for capital expenditure.
Chinese and Pakistani consortium banks led by China Development Bank and Habib Bank joined the deal after inking a series of financing agreements.
M2 EQUITYBITES-October 4, 2018--We.trade partners with three former Batavia consortium banks
BANKING AND CREDIT NEWS-October 4, 2018--We.trade partners with three former Batavia consortium banks
Global Banking News-October 4, 2018--We.trade partners with three former Batavia consortium banks
"The entire sale proceeds were not allegedly routed through the dealing branches of consortium banks," added the complaint.
Tenders are invited for 1) all plant and machinery, other moveables etc., hypothecated/pledged to consortium banks lying in the premises of house no.1-8-663, on plot no.21/2, situated at azamabad industrial area, azamabad, hyderabad 2.commercial unit door no.
AbdulRazak Ali Issa, Chief Executive of Bank Muscat, thanked the consortium banks for the successful financial closure of $725 million syndicated facility for Shadeed Iron & Steel LLC.

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