ANNOUNCEMENT REGARDING THE BANK BASE RATE
11/30/2008
Dubai, November 30th 2008 Commercial Bank International PSC (“CBI”) announces that its loan base interest rate is to be at 9.50%, valid as from 01 December 2008.
This is a Variable Interest Rate, and CBI will fix it at times at its absolute discretion, according to the current financial conditions, the interest rates at the international bond markets, and the interest rates of the Interbank market.
This announcement concerns only those facilities which are connected with the Base Interest Rate of CBI
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