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What is eurobanks?

Updated: 8/16/2019

Wiki User

∙ 9y ago

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A Eurobank is a western European bank that deals in Euro-currency. The European Central Bank (ECB) is the central bank for the euro.

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∙ 9y ago

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Difference between Eurobanks and domestic bank?

Eurobanks operate in many different countries, accepting and lending money that is denominated in other currencies to that of the country involved. Eurobanks are not subject to any one jurisdiction but do face more risks (such as country and sovereign risk). Eurobanks generally offer high interest rates on deposits and lower rates on loans (due to the competitive nature and the fact that they are viewed as riskier investments)

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