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NBE, Banque Misr discontinue their 20% interest rate saving certificates

The National Bank of Egypt (NBE) will discontinue offering the platinum saving certificate with an annual return rate of 20%, starting from the end of the workday on 15 February 2018, Yehia Abu El-Fotouh, the vice chairperson of NBE told Daily News Egypt on Thursday. However, current certificate owners will continue to have the same …

Hossam Mounir

Arabian Cement Company to settle off $30.9m NBE loan by Mid-2021

Arabian Cement Company (ACC) announced that it received approval on rescheduling the $30.9m loan granted by the National Bank of Egypt (NBE), according to press statement on Wednesday. The statement said that the loan will be repaid on 15 quarterly instalments at 2m each, with a debt rate on foreign currencies of 5% above London …

Shaimaa Al-Aees