Certificates of deposit (CDs)
CIB raises the interest rate on triple option CDs to 22 percent
Business
January 21, 2024
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
January 9, 2024
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
January 7, 2024
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
January 6, 2024
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
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…