UAE-based lender Mashreqbank has announced the launch of its Certificate of Deposit in Egypt. Mashreq's CODs have fixed rates of 9.25% per annum which will be paid quarterly or 9% per annum to be paid monthly. The minimum deposit will be LE10,000 in installments of LE1,000. Mashreq launched its retail operations in Egypt in April 2009, with a capital of LE560 million.
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