14
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
