While Emirates NBD, the largest bank in the UAE in terms of assets and equity, has already settled Dh1.83bn worth of debt, part of its medium-term note programme, another Dh5.87bn, is nearing maturity in 2009. First Gulf Bank (FGB) will be settling during this year Dh2.75bn worth of debt drawn at a rate of Libor plus 0.3 per cent. A total of Dh538 million worth of debt will mature for National Bank of Abu Dhabi (NBAD) this year. In the case of Abu Dhabi Commercial Bank (ADCB), the total size of its medium-term note programme is mentioned as Dh27.37bn as of end-2007. However, it is not evident from the financials how much will be due for settlement during this year. RAK Bank, which is one of the few banks in the UAE to have established an MTN programme for its medium-term funding needs, will have to settle Dh360m during the current year from the pool of Dh1.64bn.