According to its latest announcement, The Arab African International Bank has provided its customers with the greatest investment return in the banking market with a savings certificate. The bank allows saving on this certificate over three years.
It provides the new certificate with multiple advantages, such as:
- The minimum amount for issuing a certificate is EGP5,000, and the multiples of EGP1,000, without a maximum.
- The cumulative price on the certificate reaches 65%, to be disbursed at the due date.
- The investment period in the certificate is up to three years.
- The certificate cannot be renewed after the due date.
The certificate allows its holder to borrow from the bank at an 80% rate of the initial certificate price and the issuance of a credit card. It is exclusively available to individual customers, according to the bank’s statement.
In a recent announcement, the Arab African International Bank stated that it earned a net income from returns of US$226.5 million in H1-2023 and a net income from fees and commissions of $46 million, bringing its net revenues to $284 million.
