Secondary Bank

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Secondary Bank

1. A bank that provides financing for purchases that require repayment on an installment plan.

2. A bank that provides financing to other banks, rather than to businesses or individuals.

References in periodicals archive ?

But wholesale money markets bring together surplus or primary banks with an excess of deposits from non-banks and deficit secondary banks which do not have large deposit bases and obtain deposits in wholesale markets.

Commentary: the banking crisis and the economy

Devlin and Gerrard (2005) studied the relative importance of various choice criteria for main and secondary banks. Results showed that relatively rudimentary factors such as location, recommendation and relationships were important choice criteria when choosing a main bank.

An insight into factors influencing bank selection decisions of Indian customers

These regional banks tend to be used more as secondary banks and indeed are less competitive than the national players in terms of pricing.

UPDATE: Norwegian banks the most expensive in Scandinavia - study

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