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Moody’s downgrades five banks’ deposit ratings on sovereign credit risk
Moody’s has downgraded the long-term deposit ratings of five Egyptian banks on the back of its downgrade last week of…
It’s sayonara to high-yield CDs at the end of the month
Banque Misr and the National Bank of Egypt are pulling their one-year, 25% certificates of deposit after the end of…
THIS MORNING: USD inflows rise to our local FX market
Good morning, wonderful people, and a very happy hump day. THE BIG STORY here at home this morning is the…
Talking heads keep score as 25% CDs rise
The economy topped the talk shows once again last night, as the pundits focused on Prime Minister Moustafa Madbouly’s budget…
Newly introduced 25% CDs see massive demand in first two days + Big Two bag USD 700 mn facility
The newly released 25% certificates of deposit have raked in almost EGP 100 bn in a matter of days —…
Talking 25% CDs
The new one-year, 25% certificate of deposit (CDs) by Banque Misr and the National Bank of Egypt dominated the talk…
CBE lets EGP slide as Big Two state-owned banks announce 25% CDs
The Central Bank of Egypt made a big move on the FX front yesterday, allowing the EGP to slide against…
THIS MORNING: Enjoy the long weekend, folks
Good morning, wonderful people. Happy Thursday — and a very Merry Christmas to everyone celebrating this weekend. THE BIG STORY…
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