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
3:00 pm Monday 14 December 2020 – I wrote – Manal Al-Masry: Commercial International, Al-Ahly and Egypt banks offer personal loans at the lowest interest rates without administrative expenses. In order to stimulate the consumption and purchase rates in the market. The interest rate offered on a personal loan varies; It is subject to a … 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
Subscribe to receive economic news – – Banque Misr announced the value of interest on deposits, the current account and the savings account, as well as the savings certificates of Banque Misr, after applying the new rates, which were applied starting from September 27, 2020, in the local currency. The following is the complete list, … Read more
03:25 PM Monday 28 September 2020 – I wrote – Manal Al-Masry: An employee in the customer service at Banque Misr said that the bank decided to keep the savings certificate with terms of 3 years for fixed return unchanged at 12%, with the return paid monthly. Banque Misr’s decision to fix the interest on … Read more
I wrote – Manal Al-Masry: The map of interest rates in Egypt changed after the sudden decision of the National Bank of Egypt yesterday to stop issuing the savings certificate with a return of 15%, which used to grant the highest return in Egypt. Al-Ahly and Egypt are no longer at the top of the … Read more
4:30 pm Sunday 20 September 2020 – I wrote – Sherine Salah: The exchange rate of the dollar against the pound declined in 5 banks operating in the Egyptian market, at the end of Sunday’s trading, compared to last Thursday’s levels, while it stabilized in 5 other banks. The price of the US currency fell … Read more