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 […]

NBE Obtains ISO 27001:2022 Information Security Certification

The National Bank of Egypt (NBE) is the first bank in Egypt and Africa to earn the ISO 27001:2022 information security certification from the British Standards Institution (BSI), making it the first bank to achieve this prestigious recognition. The bank successfully fulfilled all the requirements of the new standard, which was issued in October 2022 […]

NBE, Banque Misr Collect EGP 400bn From Their 25% Certificates

According to Dily News, The National Bank of Egypt (NBE) and Banque Misr have attracted an estimated EGP 400bn from the 25% certificate since its launch earlier this month. The National Bank of Egypt revealed that the balance of the certificates of 25% and 22.5% had reached EGP 260bn. In a statement issued on Tuesday, […]

Banque Misr’s 25% Interest-Saving Certificate to be Suspended Within Days

Banque Misr will suspend the 25% saving certificate after achieving the target within days, said Mohamed el Atribi, Board Chairman of Banque Misr. The bank will suspend the one-year maturity saving certificate by the end of this month, he added in statements on Monday. The National Bank of Egypt (NBE) and Banque Misr have issued […]

National Bank of Egypt aims for 30% growth in 2023

Egypt’s largest state-run lender, National Bank of Egypt (NBE) is aiming for growth of 30 percent in 2023, its vice chairman said on Wednesday. According to Amwal Al Ghad, “The NBE is aiming for growth of 30 percent in terms of lending portfolio, deposits, and saving pools within 2023,” Yehia Aboul Fotouh told Amwal Al […]

NBE, Banque Du Caire, Banque Misr Issue new 3-Year-Maturity Saving Certificates

The Central Bank of Egypt announced today a 2% hike in interest rates, and a phase-out of LCs by December. The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) has raised the key interest rates in an unscheduled meeting. The decision aims to anchor inflation projections.  The CBE also announced in the […]