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What Is an Agent Bank ?

Tuesday, February 8, 2022

/ by Admin

Agent Bank:

An agent bank is a bank that performs services in some capacity on behalf of an entity. An agent bank, also known as agency bank, can offer a wide variety of services for businesses looking to expand internationally. These banks generally act on behalf of another bank or group of banks, but they can act on behalf of a person or business. KEY TAKEWAYS  An agent bank operates as a go-between for an individual or business looking to do business in other countries.  An agent bank can represent a group of banks, which is the case if it is the lead bank in a syndicated loan.  There are various banks that can be considered an agent bank, including investment banks.

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