#saving certificate
The Chairman of the Federation of Egyptian Banks and Banque Misr, Mohamed El-Etreby, revealed on Monday 30 January that the 25 percent and 22.5 percent saving certificates of deposit (CDs) offered by Banque Misr and the National Bank of Egypt (NBE), collected a total of EGP 460 billion. With an annual interest of 25 percent spent at the end of the period, or 22.5 percent spent monthly for a period of one year, these certificates offered the highest yield on…
