List of Banks in Egypt
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National Bank of Egypt, Banque Misr release certificates of 22-16%
The first certificate is fixed for three years at a rate of 19 percent annually, and the return is paid monthly. The second certificate of three years
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Islamic Development Bank approves $344.5 mln fund for Egypt's electric express train
During its 350th meeting in Jeddah, the Islamic Development Bank's (IsDB) board of executive directors approved three projects worth a total of $403m.
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NBE denies issuance of CDs at 30% interest rate
The Vice Chairman of the Bank’s Board of Directors Yehia Aboul-Fotouh in a press statement stressed the need to refer to official sources.
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Egypt’s Central Bank raises interest rates to highest level since 2017
In its meeting, the overnight deposit rate, overnight lending rate, and the rate of the main operation was raised by 200 bps to 18.25 percent, 19.25.
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National Bank of Egypt denies issuance of new high return saving certificates
According to official statements, the proceeds of the CDs reached $750 billion in just 70 days and came to maturity in March.
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NBE raises return on 3-year savings certificates
You can access this service from any of the bank’s branches or via internet banking.
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All eyes on Egypt's central bank meeting today amid expected interest rates hike
The CBE Monetary Policy Committee is scheduled to convene on Thursday to review the key interest rates for the second time in 2023.
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Report: Will CBE raise interest rates at its next meeting?
The Research Department of HC Securities and Investment expected the Central Bank of Egypt’s Monetary Policy Committee would raise the interest rate.
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STC’s Giza Systems to spend up to USD 40 mn on acquisitions in 2023. PLUS: Al Baraka Bank + BdC’s Taly?
Giza Systems will target companies that have a significant presence in the Saudi market as well as an Egypt-based workforce.
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Kuwait extends maturity of $2bn deposit at CBE to September 2023
The report on the external situation of the Egyptian economy revealed that Kuwait had two deposits at the Central Bank of Egypt, worth $4bn.