NBE says new high-yielding certificates of deposit brought in EGP42bn
National Bank of Egypt (NBE) has received around EGP42bn (USD2.5bn) from the new high-yielding certificates of deposit it started offering last week, according to the bank’s Deputy Chief, Yehia Aboul Fotouh. NBE and Banque Misr announced on 3 November 2016 they would offer 18-month certificates of deposit at 20% and three-year certificates of deposit at 16%. (Amwal Al Ghad)
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