NBE, Banque Misr issue 2 new saving certificates with 19.%, 22% yield

CAIRO- The National Bank of Egypt (NBE) and Banque Misr issued on Sunday two new three-year maturity saving certificates with a 19% and 22% interest rate.

The first certificate will have a fixed interest rate of 19 percent and its returns will be paid monthly.

The second one is a variable-rate certificate with a 22 percent annual yield in the first year, 18 percent in the second year and 16 percent in the third year. Returns will be paid monthly.