Certificates of deposit (CDs)
With the maturity of 25% CDs approaching, will banks offer up new savings pots?
Business
December 18, 2023
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
August 5, 2023
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
July 26, 2023
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
April 5, 2023
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
April 3, 2023
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,…
NBE denies issuance of CDs at 30% interest rate
Business
April 1, 2023
NBE denies issuance of CDs at 30% interest rate
The National Bank of Egypt denied reports that the bank or any banks operating in Egypt had issued a new…
Arab African International Bank raises interest on certificates of deposit
Egypt
February 6, 2023
Arab African International Bank raises interest on certificates of deposit
The Arab African International Bank on Sunday announced raising the interest rate on certificates of deposits to become the highest…
Egypt banks stop issuance of CDs by the end of January
Business
January 25, 2023
Egypt banks stop issuance of CDs by the end of January
The search rates of citizens who wish to purchase the new Certificates of Deposit (CDs) with a return of 25…
CIB Egypt offers Certificates of Deposit with distinctive return, following NBE, Banque Misr
Business
January 11, 2023
CIB Egypt offers Certificates of Deposit with distinctive return, following NBE, Banque Misr
Commercial International Bank Egypt announced Tuesday, that it would raise the interest on Certificates of Deposit (CDs) for a year…
Plan to sell debt to citizens abroad delayed
Egypt
April 4, 2012
Plan to sell debt to citizens abroad delayed
An Egyptian plan to sell certificates of deposit (CDs) — a form of debt — to its citizens living abroad…