Commercial International Bank Egypt (CIB), Egypt’s largest private lender, has issued new one-year certificates of deposit (CD) in US dollars, Asharq Business reported. The CD is issued with a minimum purchase amount of $10,000, with an annual yield of 6%. The deposit can be refunded at any time. In July, the country’s two largest state-run banks, Banque Misr and the National Bank of Egypt (NBE) also introduced new CDs in USD. Provided by SyndiGate Media Inc. (Syndigate.info).

Source: The North Africa Journal August 04, 2023 21:09 UTC