Bank Audi-Egypt and UBE raise rates on three-year CDs
Bank Audi-Egypt and United Bank (UBE) have raised interest rates on their three-year CDs 1.25% and 2%, respectively, following the Central Bank’s decision to raise interest rates by 200 bps in May. Bank Audi raised the interest rate on three-year CDs to 16%, from 14%, while UBE raised the interest rate on three-year CDs to 14.25%, up from 13%.
Bank Audi: USD6.25 as of 01 Jun 2017, Rating: Buy, TP: USD7.90/share, MCap: USD2,498mn, AUSR LB/AUSR.BY
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