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In Saudi Arabia, a total of 37 banks are currently licensed by the Saudi Central Bank (SAMA): [1] [2] 11 local banks, [2] 23 branches of foreign banks, and 3 digital banks. [ 1 ] Local Banks
Arab Investment Bank (AIBK) Emirates NBD; Abu Dhabi Islamic Bank (ADIB) Abu Dhabi Commercial Bank - Egypt; First Abu Dhabi Bank (FAB) Citibank Egypt; Mashreq Bank; Al Ahli Bank of Kuwait - Egypt (ABK-Egypt) Barclays Egypt; National Bank of Kuwait - Egypt (NBK-Egypt) Qatar National Bank Al Ahli (QNB Alahli) Bank of Alexandria
Union National Bank (UNB) was a bank based in Abu Dhabi, United Arab Emirates, from 1982 until it merged with Abu Dhabi Commercial Bank in 2019. [2] The bank had its shares listed in the Abu Dhabi Securities Exchange (ADX) under the symbol UNB.
The Emirates Interbank Offered Rate (EIBOR), also abbreviated as EBOR, [1] [2] is a daily reference rate, published by the UAE Central Bank, based on the averaged interest rates at which UAE banks offer to lend unsecured funds to other banks in the United Arab Emirates dirham wholesale money market (or interbank market).
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In 2009, as a regulatory response to the revealed vulnerability of the banking sector in the financial crisis of 2007–08, and attempting to come up with a solution to solve the "too big to fail" interdependence between G-SIFIs and the economy of sovereign states, the Financial Stability Board (FSB) started to develop a method to identify G-SIFIs to which a set of stricter requirements would ...