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Sunday, 7 June 2020

National Bank of Egypt and Banque Misr sell EGP 170 bn of high-yield savings certificates

State banks sell EGP 170 bn of 15% savings certificates in just over two months: Banque Misr has so far sold EGP 49 bn-worth of its high-interest savings certificates as of the end of last week, Chairman Mohamed El Etreby tells Akhbar El Youm. The National Bank of Egypt (NBE) sold EGP 122 bn-worth of the certificates since their launch on 22 March, according to an informed source at the bank.

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