loader image

Beta Version

Following Banque Misr and NBE, CIB Provides a 22.5% Certificate

The Commercial Bank in Egypt declared its plan to increase the interest rate on the 18-months certificates of deposit. News of their 20% certificates escalated on Tuesday, January 10.

In its statement, the bank mentioned that its newly updated return percentage will rise to 20% reimbursed monthly and 22.5% paid at the maturity date of the 18-months certificates.

The CIB is notably the third bank to release new certificates with a high-interest rate, following the footsteps of Banque Misr and NBE. Both banks recently offered a 22.5% monthly return and a 25% annual return on the tree-year-certificates.

Starting last Wednesday, bank clients were allowed to purchase the new certificates from all branches of the CIB in Egypt. The bank also set a minimum of EGP 100,000 for clients to acquire the new certificates; they can submit any amount multipliable by 1,000 above the minimum.




Egypt to offer silver licenses for startups before end of 2023: Official

View More

Nobel Prize for medicine awarded to Katalin Kariko and Drew Weissman for covid vaccines

View More

Mortgage Fund, QNB Alahli Cooperate To Offer EGP 2bn Housing Loans To Low-Income Citizens

View More

United Nations Women, partners fight gender-based violence, change social norms and attitudes in Ethiopia

View More

‘Startups of Alex’ To Launch in Alexandria in Days

View More

Visa, CIB Cooperate to Launch “She’s Next Program” to Empower Women in Egypt

View More