state bank

noun

Definition of state bank

2 : a bank chartered by and operating under the laws of a state of the U.S.

Examples of state bank in a Sentence

Recent Examples on the Web

The run of bad news resumed at India’s state banks. The Economist, "Business this week," 15 Feb. 2018 An anonymous executive at a Russian state bank claims the Kremlin oversaw the creation of the petro after President Vladimir Putin signed off on it last year. Sam Webb, Fox News, "Iran, North Korea and Venezuela turning to cryptocurrency to bypass US sanctions, experts warn," 7 Sep. 2018 Photo: Chip Somodevilla/Getty Images Beijing is counting on such firms to become global leaders in semiconductors, electric vehicles, robotics and other high-technology sectors and is funding them through subsidies and financing from state banks. Bob Davis, WSJ, "When the World Opened the Gates of China," 27 July 2018 With more than two months into the fiscal year, the continued lack of appetite from state banks and foreigners is starting to weigh. Subhadip Sircar, Bloomberg.com, "India Seeks to Jump Start Debt Demand Again as Borrowings Loom," 18 June 2018 Private bankers said Otkritie should have been sold off in pieces instead of becoming yet another state bank. Anatoly Kurmanaev, WSJ, "Putin’s Unlikely Ally in His Standoff With the West: His Central Banker," 20 Aug. 2018 Individuals face limits on their travel and freezes on at least some of their assets, while some top Russian state banks and companies, including oil and gas giants, are effectively barred from getting financing through U.S. banks and markets. Brooke Singman, Fox News, "Trump blasts Mueller probe, Putin denies meddling as leaders tout summit as ‘success’," 16 July 2018 In Moscow, the ruble shed as much as 5% against the dollar on Thursday and stocks plunged as much as 9%, led by state banks and national carrier PJSC Aeroflot-Russian Airlines , which risk losing access to U.S. markets if the sanctions escalate. Fox News, "Russian stocks, ruble take hit on uncertainty over US sanctions," 10 Aug. 2018 Russian state banks now account for about 70% of lending in the country. Anatoly Kurmanaev, WSJ, "Russian Lenders Need Western Money, Top Banker Says," 24 June 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'state bank.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of state bank

1702, in the meaning defined at sense 1

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Statistics for state bank

Last Updated

17 Mar 2019

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The first known use of state bank was in 1702

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More Definitions for state bank

state bank

Legal Definition of state bank

see bank

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Rhyming Dictionary: Words that rhyme with state bank

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