04:05 PM Tuesday 03 January 2023 I wrote – Manal Al-Masry: The maturity dates for savings certificates with a high return of 18% in customer accounts at Al-Ahly and Egypt Banks start from next March 22 until the last maturity of May 31, in which work on the certificate was suspended, which may necessitate re-introducing … Read more
11:04 PM Sunday 09 October 2022 Moataz Abbas wrote: Mohamed El-Etreby, Chairman of Banque Misr, expected a high demand from citizens for dollar certificates after raising the return on them by 100%, compared to the previous one, which is in line with raising interest rates globally, as the certificate was offered for periods of 3 … Read more
I wrote – Manal Al-Masry: Bankers said that banks will not adjust the return on savings certificates, and the certificates will be offered with the same return because they are not subject to the mandatory cash reserve ratio after what the Central Bank raised last Thursday. The Central Bank of Egypt decided to raise the … Read more
05:52 PM Monday 19 September 2022 I wrote – Manal Al-Masry: Bankers, whom Masrawy spoke to, expected that the Central Bank would resort to offering a high-return certificate again through the Al-Ahly and Egypt banks, as one of the cards available in his hand to curb inflation, especially with the approach of reaching an agreement … Read more
I wrote – Manal Al-Masry: 30 banks have deducted interest rates on the triple certificates of fixed return between increase and fixation since the Central Bank’s decision to raise the interest rate last March. The Central Bank’s Monetary Policy Committee had raised interest rates by a total of 3% this year, as it decided in … Read more
08:05 PM Sunday 04 September 2022 I wrote – Manal Al-Masry: Al-Ahly and Egypt banks continue to provide various saving certificates, which are the best sellers at the level of banks, with the approach of the Central Bank of Egypt to hold the sixth monetary policy committee meeting this year on September 22 to discuss … Read more
01:40 PM Friday 02 September 2022 I wrote – Manal Al-Masry: Bankers, whom Masrawy spoke to, attributed the Central Bank’s refraining from re-issuing a high-yield certificate of 18% after the high rate of inflation (the pace of price increases) to the lack of economic feasibility from it. Bankers said that the current inflation in Egypt … Read more
03:45 PM Sunday August 21 2022 I wrote – Manal Al-Masry: Today, Sunday, Nasser Social Bank continues to sell savings certificates at the highest interest rate at the level of Egyptian banks, with a regular, regular, monthly, annual or annual liquidation return for the elderly and pensioners. 3 months ago, Nasser Social Bank offered two … Read more