National Bank of Egypt (NBE) – Wikimedia Commons
CAIRO - 29 April 2020: Vice President of the National Bank of Egypt (NBE) Yehia Abul Fotouh asserted that the bank is to continue auctioning saving certificates with a fixed monthly revenue of 15 percent for a year.
In statements to MENA on Wednesday, Abul Fotouh said that the old 15 percent-revenue certificates will not be canceled because of auctioning new certificates with a revenue of 14% for two years or three years with a revenue of 12.5 percent for the interest of the National Investment Bank.
The income of the 15 percent-revenue certificates that were auctioned in March 22 reached LE 75 billion until the middle of this week.
Comments
Leave a Comment