Egypt's National Bank raises Platinum yield and debuts 19.5% monthly certificate

The National Bank of Egypt has announced an adjustment to its deposit certificate prices. The yield on the platinum fixed-term certificate for three years has been increased to 17.75% annually, with monthly payments at a rate of 17.85%. Additionally, a new variable-rate certificate for three years has been launched, offering a monthly yield of up to 19.5%, which is linked to the Central Bank's deposit rate plus 0.50 basis points, with a minimum yield of 17%. This move comes amid stable key interest rates set by the Central Bank, aiming to attract liquidity and enhance competitiveness in the banking market.

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