NBE Archives - OZ Arab Media

NBE, Banque Misr cut interest rate on US dollar CDs

Banque Misr and the National Bank of Egypt (NBE) on Tuesday announced a reduction in the interest rate for the three-year dollar-denominated certificates of deposits (CDs) with a quarterly return to five percent – down from six percent annually. The interest rate on the three-year CDs with a prepaid return, equivalent to the Egyptian pound, …

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Egypt Independent March 19, 2025

NBE and Banque Misr offer new dollar certificates

Banque Misr and the National Bank of Egypt are now offering up new US dollar savings certificates, characterized by high returns. Dollar certificates from Banque Misr: Banque Misr provided savings certificates, including “al-Qema” and “Elite”, in US dollars for a period of three years since July 26. The al-Qema certificate has a return of …

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Egypt Independent August 22, 2023

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