Egypt’s top state lenders issue new certificates of deposit with up to 27% yield

Egypt’s two biggest state lenders, the National Bank of Egypt and Banque Misr have issued on Thursday new high-yielding certificates of deposit (CDs) of up to 23 per cent and 27 per cent annual returns, respectively.

Clients of the two banks can purchase the new certificates starting from Friday, January 5 through online banking services, mobile apps, and branches.