Usually means: Bank insolvent but still operating.
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We found 6 dictionaries that define the word zombie bank:

General (5 matching dictionaries)
  1. zombie bank: Merriam-Webster
  2. zombie bank: Oxford Learner's Dictionaries
  3. zombie bank: The Word Spy
  4. zombie bank: Wiktionary
  5. Zombie bank: Wikipedia, the Free Encyclopedia

Business (1 matching dictionary)
  1. Zombie Bank: Investopedia

Definitions from Wiktionary (zombie bank)

noun:  (finance, banking, derogatory) A bank that is insolvent but is sustained by government intervention.

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