Business
Egypt's two largest state banks raise returns on three-year certificates by 1 percentage point
November 5, 2026 at 08:59 PM
Coverage
3 reports · over 2 hours
National Bank of Egypt and Banque Misr have raised returns on three-year fixed certificates by one percentage point, effective Sunday, November 8.
- National Bank of Egypt CEO Mohamed El-Etreby said monthly-return platinum certificates rise to 18.75% from 17.75% and quarterly returns to 18.85% from 17.85%.
- Banque Misr CEO Hisham Okasha announced identical increases, taking the bank's three-year certificates to 18.75% and 18.85%.
- The new rates take effect at all branches and across the banks' electronic applications starting Sunday, November 8, 2026.
- The increase follows the Central Bank of Egypt's 1% rate hike, its first since March 2024, lifting its deposit rate to 20% and lending to 21%.
- Banque Misr's raised three-year fixed certificates carry the name 'Summit' (Al-Qimma).


