Egypt's state bank Banque Du Caire issues 3-year certificates with 12.5 pct interest rates
Egypt's third largest state bank, Banque Du Caire, is issuing savings certificates in Egyptian pounds with an interest rate of 12.5 percent, the bank said in a statement on Tuesday.
The bank is issuing the three-year certificates three days after Egypt's two biggest state banks, Banque Misr and the National Bank of Egypt (NBE), raised the interest rates on three-year saving certificates to 12.5 percent, a big jump from the average 10 percent at Egyptian banks.
Earlier on Tuesday Societe Arab Internationale de Banque , said it is issuing three-year savings certificates in Egyptian pounds also at a 12.5 percent interest rate.
https://english.ahram.org.eg/News/164173.aspx