0
Bigworm Posted 21 years ago
Vocabulary

Under-banked

0 I just can't see why you would want to invest here when you have something like Latin America, which is under-banked, even though growth may be lower. 02br
02br
00Can someone explain the meaning of "under-banked"? 02br
02br
00Thanks, 0-
  

Top answer

0 I guess this is said to a bank manager who wants to open a bank in X country. He is advised to invest in Latin America instead, which is under-banked (=has fewer banks than needed). 0-

— Miche

  • 0 I guess this is said to a bank manager who wants to open a bank in X country.
  • He is advised to invest in Latin America instead, which is under-banked (=has fewer banks than needed).
  • 0-
Free · every Monday

Get the Weekly English Kit 📬

New words, one handy idiom, and a 2-minute quiz — delivered to your inbox to keep your streak alive.

2 Answers
0
0 I guess this is said to a bank manager who wants to open a bank in X country. He is advised to invest in Latin America instead, which is under-banked (=has fewer banks than needed). 0-
0
0
0I don't presume to understand the financial implications, but here are the dictionary definitions: 02br
02br
02br
00Underbanked-- 02br
00When an originating investment banker cannot find enough firms to underwrite a new issue. 02br
02br
00underbanked-- 02br
00Situation in which an underwriter of a new securities issue is h
0

Related Questions