Al-Ahly Bank issues a platinum certificate for 3 years with an annual yield of 17.25%

Al-Ahly Bank said – in a statement today, Thursday, that the bank’s Assets and Liabilities Committee has decided to raise the interest rate on the 3-year platinum certificate with a monthly yield, to become a yield of the 16% per annum instead of 14%, starting today, for new or automatically renewed certificates.

The bank also issued the same certificate at a rate of 16.25% per annum on a periodic quarterly return and at the rate of 16.50% per annum on a periodic semiannual return.

The Monetary Policy Committee of the Central Bank decided, in its extraordinary meeting today, to increase the interest rates on overnight deposits and on loan yields and the price of the main operation of the Central Bank, which is by 200 basis points, to reach 13.25%, respectively 14.25% and 13.75% and the credit rate was also increased. The discount is 200 basis points at 13.75%.