PHOTO
A general view of the new headquarters of the Banque Misr of Egypt, in the New Administrative Capital (NAC) east of Cairo, Egypt, December 26, 2023. REUTERS/Mohamed Abd El Ghany
Banque Misr reduced interest rates on its high-interest USD certificates of deposit (CDs) by 0.5%, as per a statement.
Annual returns on the bank’s three-year Al Qema and Elite USD certificates were reduced to 8.5% and 6.5%, respectively.
Similarly, the National Bank of Egypt (NBE) has reduced interest rates on its high-interest USD CDs by 0.5%, Asharq Business reported, citing the bank.
Annual returns on NBE’s three-year Al Ahly Fawran and Al Ahly Plus USD certificates were reduced to 8.5% and 6.5%, respectively.
© 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
