Business, Legal & Accounting Glossary
A banking syndicate formed by multiple banks, often from different countries, for the singular purpose of financing a specific project that is too large for any individual bank to finance on its own. Under this arrangement participating banks acquire a common interest and share equally in the risk and the profits. Upon completion of the project the consortium bank is disbanded.
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This glossary post was last updated: 20th November, 2021 | 0 Views.