National Bank of Egypt raises rates on dollar deposit certificates

State-owned National Bank of Egypt has raised the interest rates on its three-, five-, and seven-year dollar-denominated certificates of deposit, a banker told Reuters on Wednesday.

The interest rate on the three-year certificate was raised to 4.25 percent from 3.25 percent, and the interest rate on the seven-year certificate was raised to 5.75 percent from 4.25 percent, the banker said.