Thursday 31 July 2014
 
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interbank lending rates

UAE cbank calls for lower interbank rates

UAE banks need to raise deposit levels to reduce interbank lending rates and put them more in line with London Interbank Offered Rates (Libor), the central bank governor was quoted as saying on Thursday. UAE interbank rates (EBOR) have sta

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Credit crisis in UAE as banks seek urgent cash

Interest rates in the UAE tightened further on Sunday as a credit crisis deepened and banks prepared for the possibility of having to draw upon emergency cash from the central bank. Interbank lending rates climbed as banks scrambled for sh

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Credit crisis in UAE as banks seek urgent cash

Interest rates in the UAE tightened further on Sunday as a credit crisis deepened and banks prepared for the possibility of having to draw upon emergency cash from the central bank. Interbank lending rates climbed as banks scrambled for sh

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