He studies Cairo Bank Obtaining the approval of the Central Bank of Egypt to issue a new savings certificate with a return exceeding 25% during the month of January, coinciding with the imminent maturity of its one-year savings certificates, according to what a source within the bank told Al-Osboa.
Banque du Caire will begin disbursing savings certificate dues with a 25% return on January 17, with a proceeds approaching 32 billion pounds.
At the beginning of this January, Banque Misr and Al-Ahly Bank of Egypt offered savings certificates with returns ranging from 23.5% annually, granted to the customer every month, and with a return of 27% upon maturity at the end of one year, with a purchase price starting from 1,000 pounds.
The proceeds of savings certificates at the National Bank of Egypt – the largest government bank – amounted to about 30 billion pounds at the end of trading yesterday, Monday, while it reached 15 billion pounds at the Bank of Egypt, within four days of the offering.
Mohamed Al-Etreby, President of the Federation of Egyptian Banks, expects that the collection of new savings certificates within the two largest government banks in the country will exceed the levels of 500 billion pounds, a difference from the collection of the 25% certificates offered within the two banks during January 2023, whose dues amounted to about 575 billion pounds.
Read alsoThe last date for purchasing National Bank and Banque Misr certificates is 2024, with a return of 27%
The 27% certificates satisfy the Egyptians.. Details of the highest returns in the National Bank and the Bank of Egypt
Chairman of the Bank of Egypt: 15 billion pounds proceeds from selling certificates, 23.5% monthly and 27% annually so far.
2024-01-09 17:18:53
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