National Bank of Egypt Archives

National Bank of Egypt intends to invest five billion LE this year

The National Bank of Egypt, the largest government bank in Egypt, intends to invest up to five billion LE during 2024 in new projects and expand some currently existing ones, according to the CEO of Investments and Investment Trustees of the bank Ahmed al-Saeed during his talk with Al-Sharq. Saeed explained that new investments will …

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Egypt Independent March 27, 2024

Proceeds from 1st day of Egyptian banks issuing CDs at LE11 billion

The proceeds of the new certificates of deposits, offered by the National Bank of Egypt and Banque Misr on Friday with returns of 23.5 percent and 27 percent, recorded LE 11 billion on the first day. Heavy demand of Egyptians for these CDs continues via mobile banking and the Internet. Banking experts advised customers to …

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Egypt Independent January 7, 2024

NBE raises return on triple savings certificate to 19.5%

The National Bank of Egypt launched the triple savings certificate with a variable return after raising the interest on it by one percent, so that the return value became 19.5 percent. The periodicity of disbursing the return on this type of certificate is quarterly. The minimum purchase period and duration for a savings certificate is …

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Egypt Independent August 17, 2023