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Banque Misr will suspend the 25% saving certificate after achieving the target within days, said Mohamed el Atribi, Board Chairman of Banque Misr.
The bank will suspend the one-year maturity saving certificate by the end of this month, he added in statements on Monday.
The National Bank of Egypt (NBE) and Banque Misr have issued new one-year maturity saving certificates with a 25 percent yield after one year.
The certificates are also available at a 22.5% yield for monthly disbursement.
