Proceeds

In Egypt, proceeds of new CDs exceeded LE 32 billion in 3 days

A banking source revealed that the proceeds of the new certificates of deposits at the National Bank of Egypt and Banque Misr, with returns of 27 percent and 23.5 percent, exceeded LE32 billion during the past three days. The source added that NBE’s proceeds exceeded LE17 billion, while Banque Misr’s reached about LE15 billion on …

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Egypt Independent January 10, 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