I wrote – Manal Al-Masry:
10 banks in Egypt raised the interest rates on the triple certificates of fixed return in Egyptian pounds, in order to enhance the existing savings of their customers and attract new savings, according to the policy of each bank.
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The raising of some banks’ interest rate coincides with the imminent maturity of savings of about 750 billion pounds in the one-year certificate at an interest rate of 18% offered by Al-Ahly Bank and Egypt, whose first maturity begins before the end of next week and the beginning of next June, the last maturity in the certificate.
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The presence of high certificates in these banks also helps to recover part of their deposits, which went to happiness, 18%, which gave the highest return at the time.
10 banks raised interest rates on certificates, namely: Nasser Social, Al-Masry Al-Khaleeji, First Abu Dhabi, Med Bank, Industrial Development, Emirates NBD Egypt, Abu Dhabi Islamic Bank, HSBC, Arab African International Bank, and Commercial International Bank.
The National Bank of Egypt and Bank of Egypt offered the certificates for a year, with an interest of 18%, for the monthly return over a period of 71 days, starting from March 21 until the end of last May.
For more details:
Emirates NBD Egypt raises the interest rate on the triple certificate to 17%
For millionaires.. Abu Dhabi Islamic Bank offers a bond with a return of 17.25%
With an increase of 3% .. HSBC Bank raises the interest rate on the triple certificate to 16%
“Med Bank” introduces a new savings certificate with an interest rate of 18%
CIB raises the interest rate by 3% on trilateral certificates
Arab African International raises the interest rate on the triple certificate
The return starts from a week.. The Industrial Development Bank presents a new triple certificate
The highest interest .. Nasser Bank offers a package of new savings certificates with a return of 22%
Interest up to 18%, but with conditions.. 3 new savings certificates from First Abu Dhabi Bank, Egypt
With an interest of up to 20%.. The Egyptian Gulf Bank offers a new triple certificate