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The article reports on the move of Central Bank to establish an Emirates interbank offered rate (Eibor) under its supervision in United Arab Emirates. It notes that the bank aims to set an official benchmark for local currency lending between banks for fair presentations in the market. In ...
For example, the central bank is considering reducing the proportion of a property’s value that can be financed with debt instead of equity. The maximum amount of a real estate loan to an Emirati would be capped at 80% of the value of the property if the E...
Variable-rate mortgages One of the conventionally used and well-known mortgage types in the UAE and across the world is variable-rate mortgages. The variable rates keep changing as per the Emirates Interbank Offered Rate (EIBOR). One of the biggest benefits of this type of mortgage is that on...
The article informs that banks of the United Arab Emirates (UAE) are compelled to tighten their lending criteria as the central bank is formulating a new r... H Schneider 被引量: 0发表: 0年 Analysis UAE Interest Rate at Seven-Month High The Emirates interbank offered rate (Eibor) has rea...
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....
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