The Emirates Interbank Offered Rate (EIBOR), also abbreviated as EBOR, is a daily reference rate, published by the

UAE The United Arab Emirates (UAE; ar, اَلْإِمَارَات الْعَرَبِيَة الْمُتَحِدَة ), or simply the Emirates ( ar, الِْإمَارَات ), is a country in Western Asia (The Middle East). It is located at th ...

Central Bank A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a centra ...

, based on the averaged interest rates at which UAE banks offer to lend unsecured funds to other banks in the

United Arab Emirates dirham The dirham (; ar, درهم إماراتي, abbreviation: د.إ in Arabic, Dh (singular) and Dhs (plural) or DH in Latin; ISO code: AED) is the official currency of the United Arab Emirates. The dirham is subdivided into 100 . History The ...

wholesale money market (or interbank market).

Calculation and Tenors

As of 29 May 2015 fixing is conducted each business day excluding Saturdays at 11AM UAE time. The fixing rate is the average of the contributions excluding the two highest and two lowest contributions for each tenor. As of 10 December 2013 the following tenors are calculated: * Overnight * 1 Week * 1 Month * 3 Months * 6 Months * 12 Months

Contributing Banks

As of January 2017 the following banks contribute to EIBOR: *

Abu Dhabi Commercial Bank Abu Dhabi Commercial Bank PJSC ( ar, بنك أبوظبي التجاري) (), commonly called ADCB, is a bank in the United Arab Emirates. Abu Dhabi Commercial Bank (ADCB) was formed in 1985 as a public shareholding company with limited liability, ...

Commercial Bank Of Dubai Commercial Bank of Dubai (CBD) is a UAE banking and financial services corporation headquartered in Deira, Dubai. With more than in assets, '' Gulf Business'' listed CBD as the 7th largest bank in the UAE, based on total assets. It also figures ...

* EmiratesNBD *

First Gulf Bank FGB (formerly known as First Gulf Bank) was the third largest bank by assets in the United Arab Emirates (UAE), until it merged with the National Bank of Abu Dhabi in December 2016 to form First Abu Dhabi Bank, creating the largest bank by asset ...

* HSBC Bank Middle East * MashreqBank *

National Bank Of Abu Dhabi National Bank of Abu Dhabi (NBAD) ( ar, بنك أبوظبي الوطني) was a bank operating in the United Arab Emirates (UAE) until it merged with the First Gulf Bank in December 2016 to form First Abu Dhabi Bank. NBAD was the largest lender ban ...

National Bank Of Fujairah National Bank of Fujairah is a full-service corporate bank that offers corporate and commercial banking, treasury and trade finance services, personal banking options, and Shari’a-compliant services. The bank is rated Baa1/Prime-2 for deposits a ...

* RAKBANK *

Standard Chartered Bank Standard Chartered plc is a multinational bank with operations in consumer, corporate and institutional banking, and treasury services. Despite being headquartered in the United Kingdom, it does not conduct retail banking in the UK, and around 9 ...

* Union National Bank *

Arab Bank Arab Bank is one of the largest financial institutions in the Middle East, founded in 1930 in Jerusalem, Mandatory Palestine, as the first private sector financial institution in the Arab world. Headquartered today in Amman, Jordan, it serv ...

References

{{Reference rates Reference rates https://www.centralbank.ae/en/services/eibor-prices