He decided National Bank of EgyptThe interest rate will be reduced by 1% through an official statement today, on retail loans to individuals, which are both the personal loan and the car loan, which is on all segments.
Reducing the interest rate by 1% in the National Bank on some loans:
As the reduction will be applied starting today, in light of developments in the banking market, according to instructions directed to all branches of the bank at the level of the governorates of the Republic, while this is in order to keep pace with the intense competition in the banking market.
The Assets and Liabilities Committee of the National Bank of Egypt, which is responsible for determining the structure of the return rates on savings and loan receptacles, decided that the interest rate should be reduced by 1% on the personal loan, in the context of preserving the bank’s clients and attracting new clients.
