Captive bank

Tax Glossary Definition

Captive bank

Captive Bank – A captive bank is a financial institution owned in full or in large part by a parent company and established to provide banking services exclusively to that company and its affiliates. Its purpose is to optimize group-level financing, cash management, and risk control.

Example: A global enterprise may set up a bank in an offshore jurisdiction to manage its internal loans, treasury functions, and liquidity.

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