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Fixed yield deposits hits EGP 10bn Tuesday - CBE

Fixed yield deposits hits EGP 10bn Tuesday - CBE
Headquarter of the CBE

Cairo – Mubahser: The Central Bank of Egypt (CBE) said that total fixed yield deposits amounted to EGP 10 billion on Tuesday, with a return of 19.25%.

Offers presented by 17 banks amounted to EGP 40.4 billion were accepted at an allocation rate of around 24.7%, according to the CBE’s official website.

The CBE approved the mechanism of fixed yield deposits in April 2013 to invest liquidity surplus in the banking sectors’ banks.