Certificates of deposit (CDs)

National Bank of Egypt increases interest rates for certificates in 2024
Economy

National Bank of Egypt increases interest rates for certificates in 2024

The National Bank of Egypt (NBE) has adjusted the return on the Platinum Savings Certificate with a variable return, in…
CIB raises the interest rate on triple option CDs to 22 percent
Business

CIB raises the interest rate on triple option CDs to 22 percent

The Commercial International Bank (CIB) has raised the interest rate on the triple option certificate of deposits to 22 percent…
Proceeds of new CDs exceeded LE 32 billion in 3 days
Business

Proceeds of new CDs exceeded LE 32 billion in 3 days

A banking source revealed that the proceeds of the new certificates of deposits at the National Bank of Egypt and…
Proceeds from 1st day of Egyptian banks issuing CDs at LE11 billion
Business

Proceeds from 1st day of Egyptian banks issuing CDs at LE11 billion

The proceeds of the new certificates of deposits, offered by the National Bank of Egypt and Banque Misr on Friday…
Why have NBE and Banque Misr introduced new CDs?
Business

Why have NBE and Banque Misr introduced new CDs?

Economist Ashraf Ghorab explained the reasons behind why the National Bank of Egypt, and Banque Misr are offering two certificates…
With the maturity of 25% CDs approaching, will banks offer up new savings pots?
Business

With the maturity of 25% CDs approaching, will banks offer up new savings pots?

The term for the high-yield certificates of deposits from the National Bank of Egypt and Banque Misr offered this January…
Will Egyptian banks offer new high-yield CDs?
Economy

Will Egyptian banks offer new high-yield CDs?

Banking expert Tarek Metwally explained on Friday that the Central Bank of Egypt’s decision on raising interest rate by 100…
Vice President of NBE reveals details of new US dollar certificates
Business

Vice President of NBE reveals details of new US dollar certificates

The National Bank of Egypt on Wednesday began issuing two new certificates of deposit (CDs) in US dollars for a…
Nasser Social Bank introduces CD with interest rate of 17-18%
Business

Nasser Social Bank introduces CD with interest rate of 17-18%

Minister of Social Solidarity Nevine al-Kabbaj announced Tuesday the launch of a new certificate of deposit under the “Hayah Karima”…
Banque Misr: time period for availability of new CDs is open
Business

Banque Misr: time period for availability of new CDs is open

The President of the Federation of Egyptian Banks and Chairman of the Board of Directors of Banque Misr, Mohamed el-Etreby,…
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