National Bank of Fujairah joins EIBOR panel

Abu Dhabi: The EIBOR panel banks has selected “The National Bank of Fujairah” to join the EIBOR panel, starting 8 October 2012, following the withdrawal of Barclays Bank from EIBOR fixing process.

The EIBOR rates are set by a panel of 12 banks on a daily basis for various tenors by excluding the two highest and the two lowest from the submitted rates and taking the average of the rest.

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