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"CDs"

41 results

Business - Economy
3/24/2024 3:26:16 PM
Commercial International Bank (CIB) has raised the yields on its new EGP-denominated fixed-rate certificates of deposits (CDs) by two percent, for the second time in two months, up to 24 percent on some of the three-month certificates, according to the bank’s website.

Business - Economy
3/6/2024 6:03:00 PM
The Central Bank of Egypt (CBE) decided on Tuesday to float the Egyptian pound (EGP) and raise interest rates by six percent, in a bold move to meet economic challenges.

Business - Economy
3/6/2024 5:16:55 PM
The National Bank of Egypt (NBE) and Banque Misr (BM), Egypt’s largest state-owned banks, announced on Wednesday the launch of three-year certificates of deposits (CDs) with initial annual interest rates of up to 30 percent, which decrease gradually.

Business - Economy
2/16/2024 6:12:53 PM
Egyptian banks' one-year maturity saving certificates of deposits (CDs), which offer a high annual yield of 27 percent or a monthly yield of 23.5 percent, have attracted a record EGP 642 billion in just 42 days, according to reports.

Business - Economy
1/25/2024 7:08:02 PM
The National Bank of Egypt (NBE) and Banque Misr collected EGP 471 billion in proceeds through their high-yield certificates of deposit (CDs) within three weeks following issuance, the chairmen of the two banks said in press statements on Wednesday.

Business - Economy
1/21/2024 6:14:25 PM
The Commercial International Bank (CIB) has issued new premium certificates of deposits (CDs) that offer a fixed monthly yield of up to 22 percent, according to the bank’s website.

Business - Economy
1/15/2024 3:32:04 PM
The de-escalation in the conflict between Russia and Ukraine and the introduction of new high-yield certificates in Egypt could lead to a decline in gold prices, said Lotfi El-Monieb, deputy head of the Gold Division at the Federation of Egyptian Chambers of Commerce (FEDCOC).

Business - Economy
1/13/2024 5:11:43 PM
Egypt's Nasser Social Bank (NSB) has launched new certificates of deposit (CDs) that offer an annual yield of up to 20 percent, with a three-year maturity period, according to a Cabinet statement on Saturday.

Business - Markets & Companies
1/10/2024 5:05:13 PM
The amount of gold remaining in Egyptian mines amounts to at least 25 million ounces (or over 781 tons), said Nagi Farag, advisor to the minister of supply for gold affairs, during an interview with the Ala Masouliati TV show on Tuesday.

Business - Economy
1/9/2024 6:01:30 PM
The Central Bank of Egypt (CBE) has instructed all banks operating in the country to apply a minimum interest rate of 24 percent on loans, sources in the banking sector revealed to Ahram Online.

Business - Economy
1/7/2024 7:17:41 PM
The National Bank of Egypt (NBE) and Banque Misr expect to collect over EGP 500 billion in proceeds through January from their newly introduced certificates of deposit (CDs), Mohamed El-Etreby, head of Banque Misr and chairman of the Federation of Egyptian Banks (FEB), said on Saturday.

Business - Economy
1/6/2024 2:50:01 PM
The National Bank of Egypt (NBE) and Banque Misr collected EGP 11 billion in proceeds through their high-yield certificates of deposit (CDs) within 24 hours following issuance, Mohamed El-Etreby, head of Banque Misr and chairman of Federation of Egyptian Banks, said on Friday.

Business - Economy
1/4/2024 7:32:09 PM
The National Bank of Egypt (NBE) and Banque Misr announced Thursday issuing new certificates of deposits (CDs) with 23.5 percent and 27 percent annual yields, respectively.

Business - Economy
1/3/2024 12:30:10 PM
The National Bank of Egypt (NBE) and Banque Misr are set to repay more than EGP 500 billion in principal and interest of 22.5 percent and 25 percent one-year certificates of deposits (CDs) issued in January 2023.

Al-Ahram Weekly - Egypt
8/24/2023 7:30:00 PM
Despite adopting various unconventional means to attract dollar funds, these may be insufficient to cover Egypt’s needs for hard currency.

Business - Economy
8/3/2023 7:58:53 PM
The Commercial International Bank (CIB) launched Thursday a one-year USD-denominated certificate of deposits (CDs) with a monthly yield of 6 percent.

Business - Economy
7/27/2023 6:09:00 PM
The state-owned National Bank of Egypt (NBE) and Banque Misr announced issuing new three-year US-dollar certificates of deposits (CDs) with seven percent and nine percent yields to be paid quarterly or annually in US dollars or Egyptian pounds.

Business - Economy
7/26/2023 10:07:37 PM
The Arab African International Bank (AAIB) has issued three-year certificates of deposit (CDs) with a 40 percent yield to be paid in advance, according to a statement on Wednesday.

Business - Economy
7/25/2023 7:26:32 PM
The state-owned National Bank of Egypt (NBE) and Banque Misr announced on Tuesday a bundle of new services and privileges for Egyptians working aboard.

Business - Economy
7/25/2023 2:20:39 PM
The state-owned National Bank of Egypt (NBE) and Banque Misr are each issuing two US dollar-denominated annual-yield certificates of deposit (CDs) with a maturity of three years, which will be available for purchase starting Wednesday.

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