With this decision, the interest rate on deposit remains at 11.75% and the lending rate at 12.75%
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Overnight deposit rate, overnight lending rate, main operations’ rate stand at 8.75%, 9.75% and 9.25%, respectively, bank said
A recent CBE decision saw an increase in the benchmark overnight deposit rate by 1% to 9.25%, and the overnight lending rate to 10.25%.
Central Bank of Egypt says it has kept current rates unchanged due to inflation and GDP outlooks
Margin lending – borrowing with cash or share holdings as security, has been in high demand as investors sought to maximise gains from a UAE market surge, with Dubai and Abu Dhabi’s bourses jumping 108% and 63.1% respectively last year.
The Arab African International Bank presents new lending solutions that suit customers from different income brackets