LIBOR stands for the London Inter Bank Offered Rate
, the benchmark reference rate used for debt instruments.
Libor, or the London Inter Bank Offered Rate
, is the benchmark reference rate used for debt instruments.
"Additionally, this data does not capture the terms under which lending is provided, like the increasing cost of debt as measured by Eibor (Emirates inter bank offered rate
In a circular, the State Bank of Pakistan said Islamic finance institutions would have to outline their alternative pricing mechanism for participatory financing schemes, replacing the use of the Karachi Inter Bank Offered Rate
License fees can also be tied to the growth in the foreign countries' TV advertising market, or even tied to increases in LIBOR (London Inter Bank Offered Rate
The rate of interest offered by a bank (for both borrowing and savings) depends on a benchmark rate, like the London Interbank Offered Rate (LIBOR) or Emirates Inter Bank Offered Rate
(EIBOR), and these are not fixed.
ADCB last tapped the market in November when it raised $500 million from three-year bonds at 1.30 percentage points over the quarterly London inter bank offered rate
. The bank, which has the sixth-highest investment rating at Standard and Poor's, reported a 23 per cent increase in full-year profit to Dh3.37 billion ($918 million) as lending grew 6.9 per cent to Dh131.7 billion.
These settlements follow the settlement reached by RBS in February 2013 with US and UK regulators in relation to investigations into submissions, communications and procedures around the setting of the London Inter Bank Offered Rate
This is because the benchmark Karachi Inter Bank Offered Rate
(Kibor) for six months is 9.56 per cent.
Bankers said the cut in the interest rate would reduce the Karachi Inter Bank Offered Rate
(Kibor) by 40 to 50 basis points and the benchmark six month rate could be around 9.10 to 9.20pc on Monday.
And now the Libor (London inter bank offered rate