NBE, Banque Misr issue one-year saving certificate with return of 18%

CAIRO – The National Bank of Egypt (NBE) and Banque Misr decided to issue a one-year new saving certificate, with a return of 18 per cent.

In exclusive statements to MENA, Deputy Chairman of the NBE Yehia Abul-Fotouh said that the ALCO committee at the NBE held an emergency meeting Monday, during which a decision was taken to issue a new saving certificate for one year.

Meanwhile, sources with Banque Misr said that a new saving one-year certificate has been issued, with a return of 18 per cent, in light of the developments taking place in the market.