News

CIB presents new one and a half year (18 month) savings certificates with a fixed return in Egyptian pounds, with a return rate of 20% to be paid monthly and 22.5% to be paid on maturity


Arab Economy /CIB offers new year and a half (18 month) savings certificates with Fixed return in Egyptian pounds at a return rate of 20%, paid monthly, and 22.5% paid at maturity

Fathi Al-Sayeh and Iman Al-Wasli

The Commercial International Bank announced the issuance of new savings certificates for a period of one and a half years (18 months) with a new fixed return in Egyptian pounds at a return rate of 20% to be paid monthly and 22.5% to be paid upon maturity.

They shut down the National Bank of Egypt and Banque Misr Offering a new certificate for one year with interest 22% to be spent at the end of the period, or interest .5% disbursement per month. This came after the Central Bank of Egypt announced the third largest devaluation of the pound against the dollar, whose price in the official market rose to levels exceeding 82 pounds.