Banque Misr & NBE Offer Saving Certificates With Up to 27% in Return

The National Bank of Egypt has announced the launch of two saving certificates offering substantial returns. Hisham Okasha, Chairman of the Board of Directors, revealed that these certificates include a one-year option with a monthly payout of 23.5% and another option with a 27% return disbursed at the end of the one-year period.

Starting from tomorrow, January 5, 2024, until February 1, 2024, the National Bank of Egypt will commence the disbursement of the 25% and 22.5% certificates, marking the completion of their one-year validity period since their issuance. The total proceeds from the public offering of these certificates amount to EGP 460 billion.

The National Bank of Egypt and Banque Misr had previously issued similar one-year certificates on January 4, 2023, with a 25% return at the end of the year and a monthly return of 22.5%. The issuance of these certificates continued until January 31, 2023.