Dubai: The Central Bank of the UAE announced that the last day for Emirates Interbank Offered Rate (Eibor) submissions by First Gulf Bank (FGB) will be March 28, ahead of the bank’s merger with the National Bank of Abu Dhabi (NBAD).
Accordingly, the Eibor panel will be reduced from 11 to 10 banks starting March 29, the Central Bank said on behalf of the panel. The merger between NBAD and FGB is effective April 1, and will create the region’s largest bank.
