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Banque Misr, NBE suspend sale of 25%-yield CDs end-January

Banque Misr, NBE suspend sale of 25%-yield CDs end-January

Arab Finance: Banque Misr and the National Bank of Egypt (NBE) announced the suspension of offering their one-year 25%-yield certificates of deposit as of the end of January, according to press releases by the two lenders.

On January 4th, both Banque Misr and the National Bank of Egypt (NBE) announced the issuance of the new one-year CDs with an annual interest rate of 25%.

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