National Bank of Egypt, Banque Misr offer savings certificates with yields of 22% and 19%

April 02, 2023 06:32 PM AEST | By Reuters
Follow us on Google News:

April 2 (Reuters) - Egypt's two biggest state banks are offering two three-year savings certificates with yields of 22% and 19%, state media said on Sunday.

The issuance of the new savings certificates by the National Bank of Egypt and Banque Misr comes a few days after the country's central bank raised its main interest rates by 200 basis points each. (Reporting by Hatem Maher; Editing by Hugh Lawson)


The above content is directly sourced from Reuters under a contractual arrangement. The content is being provided as a convenience and for informational purposes only; and does not constitute an endorsement or approval by Kalkine Media of any of the products, services, or opinions of the organization or individual. The user is apprised that Kalkine Media bears no responsibility for the accuracy, legality, or content of Reuters, any external sites, or for that of subsequent links. The user is requested to contact Reuters directly for answers to questions regarding the content. Please note that Kalkine Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Top ASX Listed Companies

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK