Stop certificates with a return of 25% at this time

Mohamed El-Etreby, Chairman of the Board of Directors of Banque Misr, said in a statement to the bank today, Monday, that the “Talaat Harb” certificate, with an annual return of 25%, has achieved its desired goal, and within days it will be suspended. and at the latest at the end of this month.

The National Bank of Egypt and Bank of Egypt surprised the market on Wednesday before last by offering a one-year savings certificate with the highest interest rate of 25%, which is spent at the end of its maturity, and at a rate of 22.5%, the return is spent monthly, to attract savings of approximately 300 billion pounds, according to what officials from the two banks said.