This potential purchase is part of Egypt's ongoing efforts to privatize state-owned assets, a program that has faced delays, according to regional media reports.
Last week, Banque du Caire, NBE, Banque Misr, Al Baraka Bank, and Nasser Social Bank also launched new certificates of deposits following Egypt’s Central Bank of Egypt (CBE) recent hike of key interest rates
The campaign also offers clients immediate cash-back with the amount of EGP 10k when depositing EGP 1 million as a minimum balance required, provided that this amount shall be deposited in any current account
