Definition of interbank in English:

interbank

adjective

  • Arranged or operating between banks:

    ‘an interbank transfer’
    • ‘The current credit boom is dependent on state bank lending to regional and local banks through the interbank market.’
    • ‘The loan rates are generally pegged at 3.5 percentage points or more above the London interbank offered rate, now 1.17%.’
    • ‘Of course, banks have long sent money across borders through standard interbank wire transfers for corporate and individual clients.’
    • ‘Approximately 90 per cent of total trading in the London foreign exchange market is in the form of interbank foreign exchange transactions.’
    • ‘During these periods, the interbank swap market closed the shutters, with the consequence that trades beyond even the standard size of $50 million became difficult to execute.’
    • ‘The first Chinese interbank currency market in China opened in Shanghai in 1994, joining the pre-existing commodities and gold exchanges.’
    • ‘These are very similar to the Euribor interbank rate for one week to three months, which currently is about 2.1 per cent.’
    • ‘Its loan book in Britain is funded largely from a British deposit base, with little reliance on the interbank market.’
    • ‘This they said would enable the market to smooth out wild interest rate fluctuations currently being experienced in the local interbank money market.’
    • ‘They may borrow through the interbank market from other banks that have excess liquidity.’
    • ‘Banks in a net debit position can borrow from other banks on the interbank market, but can also seek liquidity from the central bank.’
    • ‘In ordinary times, banks usually benefit strongly from interbank rate cuts by the Fed because they lower their cost of funds.’
    • ‘Small banks in need of unwinding their positions had problems finding counter partners in the interbank market, he said.’
    • ‘The paper also said the central bank granted 12 more branches of foreign banks permission to participate in trading on the interbank market.’
    • ‘The Central Bank figures are calculated using interbank rates, not the European Central Bank rates.’
    • ‘For now, senders and receivers must have accounts at the same bank, though Bank of America and Wells plan to offer interbank transfers next year.’
    • ‘As Russian banks became terrified of lending money to one another, many found it impossible to raise funds on the interbank market.’
    • ‘Looking at the shorter term, the interbank market rates suggest that the cycle will turn up again early next year.’
    • ‘There were little movements in the overnight interbank rates and the borrowing rate averaged 15 percent for most of the week.’
    • ‘The AAA noteholders get a return of 0.58 per cent return over the euro interbank rate (Euribor).’

Pronunciation:

interbank

/ˈɪntəbaŋk/