tally rose savings certificate 18% Within 4 days of putting it in the “Al-Ahly” and “Misr” banks, it amounted to regarding 153 billion pounds.
Hisham Okasha, Chairman of the Board of Directors of the National Bank of Egypt, said that the proceeds of offering a savings certificate with a return of 18% amounted to more than 102 billion pounds within 4 days of its issuance.
The head of the National Bank of Egypt added, in exclusive statements to Youm7, that 85% of customers made purchases through “Al-Ahly Net” and “Al-Ahly Mobile”.
The head of the National Bank of Egypt confirmed that there is an increase in the proceeds of the National Exchange Company from selling citizens to foreign and Arab currencies.
For his part, Mohamed El-Etreby, Chairman of Banque Misr, said that the proceeds of offering a savings certificate with a return of 18% amounted to more than 51 billion pounds within 4 days of its issuance.
Banque Misr reissued the new savings vessel “Talaat Harb” certificate, which is a savings certificate that enjoys a fixed rate of return throughout the period of holding the certificate. The certificate categories start from 1,000 pounds and its multiples, and are issued to natural individuals or minors.
It is possible to borrow once morest the guarantee of the certificate, in addition to the possibility of issuing credit cards with its guarantee, and the certificate can be redeemed following the lapse of 6 months, starting from the working day following the date of purchase (issuance date).
The return is calculated 18% on the amount of 100,000 pounds, with an interest estimated at 18,000 pounds annually, and the number is divided by 12 months, so that the monthly return becomes 1,500 pounds, to be added to the account linked to the savings certificate.
