#CDs
The National Bank of Egypt (NBE) and Banque Misr, Egypt's two largest governmental banks, have introduced two new Certificates of Deposit (CDs) offering record-breaking interest rates. The first offers an annual interest rate of up to 27 percent, while the second provides a monthly return of 23.5 percent. The purchase of these certificates begins on Friday, 5 January through various electronic channels including online banking services, mobile apps, and the extensive network of 800 branches all over Egypt. The minimum…
