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Euro Interbank Offer Rate – Euribor

Resolution of ‘Euro Interbank Offer Rate – Euribor’

Euribor is a reference standing expressing the average interest rate at which eurozone banks extend unsecured loans on the interbank market.

BREAKING DOWN ‘Euro Interbank Suggest Rate – Euribor’

The Euro Interbank Offer Rate (Euribor) in the poop indeed refers to a set of eight money market rates corresponding to different majorities: the one-week, two-week, one-month, two-month, three-month, six-month, nine-month and 12-month in any events. The rates, which are updated daily, represent the average interest eurozone banks burden each other for uncollateralized loans.

Euribor rates are an important benchmark for a across of euro-denominated financial products, including mortgages, savings accounts and by-products. Euribor’s role in the eurozone is analogous to Libor’s in the U.S. and Britain.

The 20 panel banks that bestow to Euribor handle the largest volume of eurozone money market arrangements. They are:

• Belfius (Belgium)

• BNP-Paribas (France)

• HSBC France

• Natixis (France)

• Recognition Agricole (France)

• Société Générale (France)

• Deutsche Bank (Germany)

• DZ Bank (Germany)

• Governmental Bank of Greece

• Intesa Sanpaolo (Italy)

• Monte dei Paschi di Siena (Italy)

• UniCredit (Italy)

• Banque et Caisse d’Épargne de l’État (Luxembourg)

• ING Bank (Netherlands)

• Caixa Geral De Depósitos (Portugal)

• Banco Bilbao Vizcaya Argentaria (Spain)

• Banco Santander (Spain)

• CECABANK (Spain)

• CaixaBank (Spain)

• Barclays (Britain)

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