Regulation, Risk & Compliance
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Egypt: Banque Misr suspends Talat Harb CDs starting April 27
Banque Misr will suspend the issuance of its one-year Talat Harb fixed-return certificates of deposit (CDs), which carry an annual interest rate of 27%, starting Sunday, April 27th. The decision comes alongside a broader adjustment to the bank’s interest rates, following the Central Bank of Egypt’s (CBE) move to cut…
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