Eurobank

Stay with us now: a eurobank is a financial institution (yep, a bank) that accepts foreign currency for deposits and loans out foreign currency loans.

What is a eurobank not? Well, it’s not necessarily in Europe. Also, the currency it accepts and lends out doesn’t have to be the euro. Weird, we know.

Eurobanks can be banks that operate domestically but deal in foreign currencies, or banks that operate abroad that deal in foreign currencies. Eurobanks most commonly deal in USD, the British pound, Japanese yen, and of course, the euro.