1:13 PM Saturday 13 February 2021 – I wrote – Manal Al-Masry: 5 banks across the banking system continue to sell 3-year savings certificates to all customers with an annual return of over 11%, ranging between 11.25% and 12%. The banks had started reducing the interest on savings certificates before the end of last year, … Read more
04:38 PM Wednesday 27 January 2021 – Books – Mohamed Gamal: The National Bank of Egypt lowered the interest rate of 1% on new car loans, after reducing it on the Platinum Savings Certificate despite the Central Bank’s decision to fix interest. The National Bank of Egypt provides new angel car loans to its customers … Read more
Subscribe to receive economic news – – The National Bank of Egypt decided to reduce the interest rate or return on the three-year platinum certificates, whose return is paid monthly to 11% annually instead of 12% annually. (Quarterly). Banque Misr also decided to reduce the interest rate or return on the three-year summit certificates, … Read more
02:08 PM Thursday 03 December 2020 – I wrote – Manal Al-Masry: The National Investment Bank surprised customers the day before yesterday by cutting interest between 0.5% and 1% on new investment certificates that it is offering through the branches of the National Bank of Egypt, as the first does not own branches. This cut … Read more
11:28 PM Tuesday 01 December 2020 – I wrote – Manal Al-Masry: The National Investment Bank reduced the interest on investment certificates that are offered through the National Bank of Egypt between 0.5% and 1% depending on the type of certificate, starting tomorrow, Wednesday. The National Investment Bank uniquely sells investment certificates of different terms … Read more
02:31 PM Saturday 14 November 2020 – Books – Manal Al-Masry: Banks will hold intensive meetings during the coming days to discuss reducing interest rates on savings coffers, after the Central Bank’s decision last Thursday to cut interest. The central bank decided to cut interest rates by 0.5% on deposits and loans for the second … Read more
3:30 PM Tuesday 10 November 2020 – I wrote – Manal Al-Masry: The four banks that issued the Egyptians’ safety certificate decided to reduce the interest rate by 3% on the certificate for a period of 3 years, starting today, Tuesday, according to what officials of these banks told Masrawy. The Egyptian National Bank, Egypt, … Read more
1:23 PM Sunday 11 October 2020 – I wrote – Manal Al-Masry: The National Bank of Egypt decided to cut interest between 0.25% and 1% on the regular savings account divided into four segments, according to bank sources. The reduction in interest on the regular savings account at the National Bank of Egypt comes in … Read more
1:19 PM Friday 09 October 2020 – I wrote – Manal Al-Masry: Banque Misr decided to reduce the interest on all saving accounts to varying rates according to the type of account starting this month, coinciding with the decision of the Monetary Policy Committee at the Central Bank to cut interest by half a percent … Read more
03:26 PM Saturday 03 October 2020 – I wrote – Manal Al-Masry: 3 government banks, Al-Ahly, Egypt and Cairo, fixed the interest rate on the personal loan despite the central bank’s reduction in the return on deposit and lending. The Monetary Policy Committee at the Central Bank decided to cut interest by 0.5% on deposit … Read more