Cairo- Masrawy:
During the current week, 4 banks offered new savings certificates in Egyptian pounds for fixed return at a high interest rate, some of which reached 22%.
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Al-Masry Al-Khaleeji (EG), First Abu Dhabi Egypt, and Nasser Social and Industrial Development Banks announced on their websites the offering of certificates with terms of 3 years and one year at a special interest rate.
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The issuance of these certificates by banks coincided with the approaching maturity of 750 billion pounds, the value of savings in high-yield certificates for one year of 18% in Al-Ahly Bank and Egypt before the end of next week until the end of the last maturity in the beginning of next June.
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