The Emirates Interbank Offered Rate (EIBOR) is the benchmark rate, stated in UAE Dirhams, for financing between banks within the United Arab Emirates market. The EIBOR is calculated as an average where a panel of 9 banks submit their daily rates, with the two highest and lowest rates removed...
The Eibor panel consisting of the central bank and banks' representatives met on Tuesday in Abu Dhabi to discuss the British bank's request to withdraw from the Eibor fixing process. Barclays to leave UAE rate panel Emirates interbank offered rate (Eibor) is the amount that banks charge when ...
It mentions that the rise in the Emirates Interbank Offered Rate (EIBOR), signals a warning that liquidity and confidence within the banking system may likely decline. It adds that EIBOR does not reflect true market rates, according to the senior executive director of the treasury department of ...
UAE: Rising EIBOR Reflecting Low Confidence.The article reports on the increased cost for private sector borrowers in accordance with the rise in three-month Emirates Interbank Offered Rate (EIBOR), raising concern for the Central Bank of the United Arab Emirates....