National Bank Of Fujairah Joins EIBOR Panel

By Amwal Al Ghad English On Oct 4, 2012

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.

Emirates News Agency

Banks National Bank of Fujairah