High-yield savings certificates of NBE garner LE 36 billion pounds in 2 weeks

CAIRO - 5 April 2020: The new saving certificates issued by the National Bank of Egypt (NBE) of 15-percent monthly return garnered LE 36 billion in two weeks, the bank vice president Yehia Abul Fotouh said.

The certificates were sold online either through the mobile banking application or the call center 19623 as part of precautionary measures against coronavirus outbreak, he added.

On March 22, the National Bank of Egypt (NBE) and Banque Misr issued the high-yield certificates in a bid to ease economic repercussions of coronavirus pandemic outbreak on Egyptians.