Proceeds of new CDs exceeded LE 32 billion in 3 days ...Egypt

A banking source revealed that the proceeds of the new certificates of deposits at the National Bank of Egypt and Banque Misr, with returns of 27 percent and 23.5 percent, exceeded LE32 billion during the past three days. The source added that NBE’s proceeds exceeded LE17 billion, while Banque Misr’s reached about LE15 billion on Monday after work resumed after the end of the Christmas holiday. The two banks saw large numbers of people flocking to their branch offices to buy new certificates or to exchange the value of the previous one with a return of 25 percent and 22.5 percent, after reaching its maturity period. Al-Masry Al-Youm monitored high customer demand on Monday since early mornin

Hence then, the article about proceeds of new cds exceeded le 32 billion in 3 days was published today ( Tuesday 09/01/2024 - 07:25 PM ) and is available on EGYPT INDEPENDENT ( Egypt ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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