International Banking Facility - IBF
Facilities that accept deposits and offer loans to foreign customers and businesses.
Investopedia Commentary
These institutions aren't bound by the interest rate restrictions and reserve requirements that domestic lenders are confined to. Therefore, they are competitive with foreign banks enjoying the same liberties.
Related Links
Pros And Cons Of Offshore Investing
Investing Beyond Your Borders
See also: Bank, Merchant Bank, Offshore, Reserve Requirements
Also spelled: IBF