Egypt’s Largest State-Owned Banks Issues New ‘Highest Interest Ever’ Dollar Savings Certificate
The National Bank of Egypt (NBE) and Banque Misr, the two largest state banks in Egypt, issued two certificates of deposits denominated in US dollars with exceptional interest rates between 7-9%. These certificates are valid for three years and are available to both Egyptian nationals and foreigners with a minimum deposit of $1000. This is […]
NBE, Banque Misr Issue New Dollar Saving Certificates
Earlier today, the National Bank of Egypt (NBE) and Banque Misr issued new three-year foreign currency saving certificates, finally catering to clients’ ongoing demands, seeking to transfer savings to dollar currency. According to the two banks’ statements, the dollar certificates will be available to issue as of Wednesday, July 26. The bank stated that the […]