Banque Misr’s 25% Interest-Saving Certificate to be Suspended Within Days

by nevine

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.

 

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