bad bank

(redirected from Collection Banks)
Also found in: Financial.

bad bank

n
a financial institution set up to hold and manage underperforming assets owned by other banks
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References in periodicals archive ?
Launched in 2005, the textile recycling scheme was kick-started by setting up a partnership with the Ellandbased Yorkshire Air Ambulance (YAA) and the siting of 16 collection banks at 16 Asda stores.
Investors who are interested in participating in the IPO can collect the forms and submit their applications at any of the six collection banks - Ahli Bank, Bank Muscat, Oman Arab Bank, Bank Sohar, National Bank of Oman and Bank Dhofar.
Giant Perspex clothes collection banks will be sited at lection banks will be sited at intu Eldon Square outside adiintu Eldon Square outside adidas on St Andrew's Way from das on St Andrew's Way from March 17 to 21 and intu MetroMarch 17 to 21 and intu Metrocentre at Town Square outside centre at Town Square outside House of Fraser from March 26 to House of Fraser from March 26 to 29 to coincide with their spring/ 29 to coincide with their spring/ summer fashion shows.
Navas Meeran, chairman of Eastern Group of Companies, said the next step in the campaign could include setting up of collection banks of vegetables modelled after co-operative societies.
In its four years of operation, Anakyklos has set up 378 metal collection banks in 30 municipalities and 115 communities of Cyprus and has collected 4 thousand tons of clothing.
Textile recycling is the organisation's main programme and currently runs in all 30 municipalities and 106 communities of the island, with 292 collection banks -- the familiar purple bins -- set-up.
TOWN hall coffers are on course to get a pounds 275,000 boost following a controversial decision to remove charity collection banks from a network of council-owned sites in Northumberland.
These include a scheme for collection banks, onstreet banks to be managed by the council and the introduction of doorstep collections.
28 collection banks have the option of processing checks electronically using new instruments called "substitute checks.
Collection banks have been set up outside One Stop Shops in Prescot, Halewood, Huyton and Kirkby, and outside the following primary schools: Whiston Willis in Halewood, New Hutte in Halewood, Holy Families in Cronton, Holy Angels in Kirkby, and St Aloyious in Huyton.
Swansea's cabinet member for the environment, Lilian Hopkin, said, "While most of our local supermarkets support council recycling initiatives by providing an area for collection banks, this is the first time that a Swansea supermarket has actually sponsored the purchase of the containers themselves.

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