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Sunday, 28 June 2020

National Bank of Egypt, Banque Misr sell EGP 203 bn of high-yield certificates

State-owned banks sell EGP 203 bn of 15% savings certificates: The National Bank of Egypt (NBE) has sold EGP 147 bn-worth of its high-interest savings certificates as of the end of last week, NBE Vice President Yehia Aboul Fotouh said, according to the local press. Meanwhile, Banque Misr has sold EGP 56 bn-worth of the 15% certificates since their launch in March, said Vice President Akef El Maghraby.

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