NBE AND BANQUE MISR LAUNCH TWO NEW SAVING CERTIFICATES
Two three-year-term savings notes were recently introduced by the National Bank of Egypt and Banque Misr in line with anticipated declines in interest rates and inflation. The second certificate is a declining one with an annual rate of 22% for the first year, 18% for the second year, and 16% for the third year, with the return paid monthly. The first certificate provides a fixed annual return of 19%.
