01:04 PM Saturday 11 April 2020 – I wrote – Manal Al-Masry: The Bank of Egypt and Al-Ahly Bank of Egypt decided to keep the interest of the new owners’ auto loans unchanged, despite the Central Bank’s decision to cut the interest by 3%, according to customer service officials at both banks. The central bank … Read more
10:29 am Saturday 04 April 2020 – I wrote – Manal Al-Masry: The Assets and Liabilities Committee, which is responsible for determining the interest rate, in Al-Ahly, Egypt and Cairo banks – decided to reduce interest by up to 3% on my country’s dollar certificates before the Egyptians working abroad with their various deadlines. The … Read more
Manal Al-Masry wrote: All banks decided to reduce the interest on short-term deposits, the return of which will be spent at the end of their maturity, in conjunction with the Central Bank’s decision to cut interest by 3%. The central bank decided to cut interest rates unexpectedly 3% in the middle of last month, to … Read more
04:24 PM Saturday 28 March 2020 – I wrote – Manal Al-Masry: Interest on certificates of variable return recorded the largest decrease in almost 4 years after the central bank’s decision to cut interest two weeks ago. The central bank decided to cut interest rates suddenly, by 3% to the level of 9.25% for deposits, … Read more
12:21 PM Monday 23 March 2020 – I wrote – Manal Al-Masry: The assets and liabilities committee of the National Bank of Egypt decided to reduce the interest rate by 2% on savings account slides, starting from next month, according to an official at the bank to Masrawy. The National Bank’s decision comes in conjunction … Read more
A number of companies expected that the coming period will witness optimism regarding the current trends of monetary policy as a result of the central bank’s decisions to reduce the interest rate on deposits and borrowing, as well as the continued improvement of the pound exchange rate against the US dollar, as well as further … Read more
– Yahya Aboul Fotouh, Deputy Chairman of the National Bank of Egypt, said in a statement to “The Seventh Day” that the National Bank decided to offer a new savings certificate for a year with the highest interest in Egypt, at 15%, to be paid monthly, provided that the offering begins next Sunday. These certificates … Read more
Yahya Aboul Fotouh, Vice Chairman of the National Bank of Egypt, said in a statement to “The Seventh Day” that the bank announced that the prices of high-yielding platinum certificates of 12% and 12.25% will not be changed in the return that is spent monthly and every 3 months, respectively. These certificates are the highest … Read more
06:31 PM Monday 16 March 2020 – Books – Mostafa Eid: Pharos Investment Bank praised the surprising decision of the central bank just issued to cut interest rates by 3%. Radwa Al-Swaify, head of the research department at Pharos Investment Bank, said reducing the central interest rate by this percentage is a bold and very … Read more
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