High-yield savings certificates of NBE, Banque Misr garner LE 10.7 billion in 2 days

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Wed, 25 Mar 2020 - 12:57 GMT

Egyptian currency - Reuters

Egyptian currency - Reuters

CAIRO - 24 March 2020: The new saving certificates issued by the National Bank of Egypt (NBE) and Banque Misr of 15-percent monthly return garnered LE 10.7 billion in two days.

Yehia Abul Fotouh, Vice President of the NBE, said the bank sold LE 7.2-billion worth certificates since they were issued on Sunday.

The certificates were sold online or through the mobile banking application and the call center 19623, he added.

Mohamed el Atrebi, Board Chairman of Banque Misr, said the bank sold certificates worth LE 3.5-billion over the past two days.

They were also sold electronically as part of the preventive measures taken by the State to limit crowds to ban the spread of coronavirus.

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