08:00 pm Wednesday 01 June 2022 I wrote – Manal Al-Masry: The National Bank of Egypt decided to raise the interest rate between 1% to 1.5% on investment certificates category (B), which includes 3 certificates with terms of one year, two years, and 3 years, according to instructions to the branches today, Wednesday. The National … Read more
11:18 ص Tuesday 31 May 2022 I wrote – Manal Al-Masry: The National Bank of Egypt and Egypt took a surprising decision yesterday to stop issuing an 18% 3-year certificate, after it collected 750 billion pounds in savings. The two banks decided to offer a savings certificate with an interest rate of 14% with a … Read more
06:30 PM Monday 30 May 2022 I wrote – Manal Al-Masry: Al-Ahly and Egypt banks will start selling a 14% certificate with a term of 3 years for a fixed return from today via the Internet and mobile banking, and from tomorrow through the branches, after the decision to stop the 18% annual high-return certificate. … Read more
The National Bank of Egypt and Banque Misr decided to stop the 18% certificate, after achieving the target of about 750 billion pounds with the National Bank and Egypt. The two banks also decided to increase the return price of the three-year certificate upon renewal or purchase, to become an annual return of 14% instead … Read more
12:30 PM Saturday 14 May 2022 I wrote – Manal Al-Masry: A bank confiscation said that Al-Ahly and Egypt banks will not offer a savings certificate with an annual interest of 20% during the coming period, with monetary policy seeking to control inflationary pressures and the continuation of offering an 18% certificate. On March 21, … Read more
10:00 pm Tuesday 19 April 2022 I wrote – Manal Al-Masry: Private banks continue to adhere to the interest rate on certificates, despite the negative consequences of the 18% certificate that Al-Ahly Bank and Egypt put forward a month ago. The certificate with a return of 18% negatively affected the banks, with customers tending to … Read more
02:30 PM Sunday 03 April 2022 I wrote – Manal Al-Masry: Al-Ahly and Egypt banks allowed 18% certificate customers to obtain loans with their guarantee from the second day of their purchase, provided that the holder may not break it until after paying the last installment of the loan to the bank. The two banks … Read more
03:10 PM Friday 01 April 2022 I wrote – Manal Al-Masry: 10 banks decided in the meetings of the Assets and Liabilities Committee “ALCO”, which is responsible for determining the interest on certificates, loans and deposits, to keep the interest on savings certificates unchanged. The banks’ decision comes despite the fact that Al-Ahly and Egypt … Read more