NBE, Banque Misr issue 18% saving certificate

People and vehicles are seen in front of the National Bank of Egypt (NBE), also known as the Al Ahli Bank, in the Fifth Settlement districts of New Cairo. Amr Abdallah Dalsh, Reuters
Reuters Images

Banque Misr will offer the fixed-return rate Talaat Harb certificate

Staff Writer, Mubasher

March 22, 2022

PHOTO
People and vehicles are seen in front of the National Bank of Egypt (NBE), also known as the Al Ahli Bank, in the Fifth Settlement districts of New Cairo. Amr Abdallah Dalsh, Reuters

Cairo - The National Bank of Egypt (NBE) and Banque Misr will issue a one-year saving certificate at an annual interest rate of 18%, the Middle East News Agency (MENA) reported.

Banque Misr will offer the fixed-return rate Talaat Harb certificate, with the issuance category of EGP 1,000 and its increments.

It is noteworthy to mention that on Monday, the Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) has decided to raise interest rates by 100 basis points.

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