National Bank of Egypt increases yield on Platinum certificates
Why This Matters
Key context: <p>The National Bank of Egypt (NBE) has decided to raise the annual yield on its fixed-rate Platinum certificates of deposits. The rate is now 18.75 percent for certificates with monthly interest payouts, and 18.85 percent for those with quarterly payouts – an increase of one percentage point for each, up from the previous rates of …</p> <p>The post <a href="https://www.egyptindependent.com/national-bank-of-egypt-increases-yield-on-platinum-certificates/">National Bank of Egypt increases yield on Platinum certificates</a> appeared first on <a href="https://www.egyptindependent.com">Egypt Independent</a>.</p> This development from egyptindependent.com highlights ongoing changes in the sector.
The National Bank of Egypt (NBE) has decided to raise the annual yield on its fixed-rate Platinum certificates of deposits. The rate is now 18.75 percent for certificates with monthly interest payouts, and 18.85 percent for those with quarterly payouts – an increase of one percentage point for each, up from the previous rates of … The post National Bank of Egypt increases yield on Platinum certificates appeared first on Egypt Independent.
Curation & Context
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