National Bank of Egypt issues new three-year certificate of deposit at 17.25%
First Bank
The National bank of Egypt
The National Bank of Egypt (NBE), the largest state-run lender, announced issuing a platinum three-year certificate of deposit at 17.25 percent which will be disbursed annually.
The bank’s assets and liabilities committee decided to increase the interest rate on the 3-year platinum certificate with a monthly return to 16% annually instead of 14%, starting today, for the new or automatically renewed certificates.
The bank issued another 3-year certificate with annual return of 16.25%, which will be disbursed quarterly, and with annual return of 16.5% in case of biannual disbursement.
