Saving Certificates

Egypt’s Banque Misr, NBE introduce new saving certificates with 27% annual yield

Fri, 05 Jan 2024 - 09:14 GMT

Banque Misr and the National Bank of Egypt (NBE) have announced the issuance of one-year maturity saving certificates with an impressive 27 percent annual yield or 23.5 percent monthly yield. This sets a new record for the highest yield in the country.

Yields of 25% saving certificates amount to LE 335B

Wed, 18 Jan 2023 - 11:02 GMT

El-Etreby, who is also the Chairman of Banque Misr, said in a TV interview that it is scheduled to suspend working with those certificates before the end of January.

25% saving certificates to be suspended by end of January

Mon, 16 Jan 2023 - 10:33 GMT

On January 4, Banque Misr and the National Bank of Egypt (NBE) announced the launch of a one-year saving certificate with an annual interest of about 25 percent.

NBE, Banque Misr issue 25% saving certificates for a year

Wed, 04 Jan 2023 - 11:03 GMT

The return of the certificate is paid at 25 percent interest at the end of the term, or at a monthly rate of 22.5 percent.

3 state-owned banks issue new certificate with variable return

Sun, 15 Apr 2018 - 01:13 GMT

The National Bank of Egypt and Banque Misr issued Sunday a new saving certificate with a variable return of 17 percent.

NBE, Banque Misr stop 20% savings certificates

Thu, 15 Feb 2018 - 10:12 GMT

The National Bank of Egypt (NBE) announced Thursday that it stopped issuing its platinum savings certificate with 20% annual return rate.

LE150B constitutes total amount of saving certificates since flotation

Sun, 09 Jul 2017 - 11:00 GMT

CBE has stressed that the banking sector has achieved considerable success, as the total amount of saving certificates reached approximately LE 150 billion.