1 Day
Source:
بوابة الشروق
Banks increase high-yield cert issuance
The article discusses the trend among Egyptian banks to issue high-yield savings certificates to capitalize on the decline in liquidity and the growth in savings. Local liquidity (M2) experienced a decrease of 68.9 billion Egyptian pounds in June 2026 for the first time since 2017, reaching 15.26 trillion pounds. Banks are using these certificates as a means to attract individual savings, thereby enhancing the balance of assets and liabilities and strengthening their funding base. The focus is also on improving their competitive capabilities and generating profits from higher yields. However, banks face challenges such as increased costs of attracting deposits due to higher interest rates, along with a slowdown in deposit growth resulting from weakened purchasing power and rising living costs. Additionally, there is intensified competition for savings amid alternative investment avenues like gold and investment funds.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)