What Is a Eurobank?

European Bank International is a regional international financial capital group in Western European countries. Founded in October 1970. Including Bank of England Milan, Societe Generale Bank, Deutsche Bank Deutsche Bank, Amsterdam-Rotterdam Bank of the Netherlands, Credit Union of Austria, General Bank of Belgium, Commercial Bank of Italy. Headquartered in Brussels, the capital of Belgium. In addition, the European-American Bank and Trust Company was established in New York, the European Bank in London, the European-Asian Bank in Hamburg, the European Credit Bank in Brussels with other companies, and the European Pacific Finance in Melbourne with other companies. The company, in Luxembourg and the banks of Arab countries, jointly established Euro-Arab Bank and other branches. ^[1]

European Bank International

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European Bank International is a regional international financial capital group in Western European countries. Founded in October 1970. Including Bank of England Milan, Societe Generale Bank, Deutsche Bank Deutsche Bank, Amsterdam-Rotterdam Bank of the Netherlands, Credit Union of Austria, General Bank of Belgium, Commercial Bank of Italy. Headquartered in Brussels, the capital of Belgium. In addition, the European-American Bank and Trust Company was established in New York, the European Bank in London, the European-Asian Bank in Hamburg, the European Credit Bank in Brussels with other companies, and the European Pacific Finance in Melbourne with other companies. The company, in Luxembourg and the banks of Arab countries, jointly established Euro-Arab Bank and other branches. ^[1]

European Banks International Corporation (EBIC) is a financial group formed by a joint venture of one of the major banks in 7 European countries. Founded in 1973. Its members include Bank of Milan, Industrial Bank of France, Deutsche Bank, Bank of Amsterdam-Rotterdam, General Bank of Belgium, Commerzbank Italia, and Austrian Credit Preparation Bank. The General Management Office is located in Brussels. The group has branch subsidiaries in nearly 50 countries in the world, and the total assets of the group amount to hundreds of billions of dollars. It is located in six international joint banks (European Credit Bank, European and American Bank, Eurasian Bank, European Finance Corporation, European Arab Bank, European Pacific Financial Corporation).

At the end of the 1960s, the international distribution and service scope of the branches of large American banks expanded sharply. Their frequent business activities in Europe caused huge pressure on European banks, prompting the latter to join forces to compete with American banks. In terms of European union, there is a prospect of forming the European Monetary Union. Therefore, some European banks have created a desire to establish an appropriate international currency payment and transfer system through union or collaboration. Some European countries have gradually allowed banks to merge across borders in legislation, which has led some banks to try to join forces and explore the possibility of establishing larger banks.

By providing credit to each other among group members, coordinating payment procedures between banks, accelerating fund turnover, cooperation in syndicate mid-term European currency loans and issuing securities, and by organizing joint ventures and other activities around the world to form a monopoly of bank monopoly capital relationship. The establishment of it has expanded the scale and scope of activities of member banks, dispersed the risks of exclusive operations, avoided competition with domestic shareholder banks in domestic sporadic businesses, and facilitated small and medium banks to enter the international capital market.

Sporadic deposit business, that is, using its branches around the world to absorb local currency or foreign currency deposits;

Money market business;

foreign trade financing business;

Corporate loans and state loans, that is, activities that provide loans to enterprises, state-owned enterprises (especially multinational companies), and governments and official institutions in certain countries;

Foreign exchange business, including foreign exchange trading and offsetting activities on behalf of customers in the foreign exchange market; Investment business, mainly the purchase and distribution of international bonds, including consulting services for customers and even government-issued bonds;

Trusts (including trust investments and trust loans) and other businesses.