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The National Bank: 200 billion pounds, the balance of the new certificates, and we are studying stopping their issuance

Hisham Okasha revealed the president National Bank of Egypt For the seventh day, the balance of platinum certificates for a year, with a return of 25% , and 22.5%, amounted to about 200 billion pounds, achieving its target, pointing out that a study is being made to stop the availability of the two certificates during the coming days and before the end of this month.

The President of the National Bank confirmed that 60% of them were implemented through alternative channels (Al-Ahly Net, Al-Ahly Mobile, and the call center).

The certificates have also attracted about 35,000 new clients to the family of the National Bank of Egypt since the announcement of the certificate.

announced National Bank of Egypt And Banque Misr, for issuing a new one-year savings certificate, with a return of up to 25% to be spent at the end of the certificate period, or with a return of 22.5% to be paid monthly, as of 01/4/2023.

The new savings certificate is issued in denominations of 1,000 pounds and its multiples, and the bank targets from this new certificate natural adults and minors (Egyptians and foreigners).

The interest is also calculated from the day following the purchase of the certificate directly, and it is possible to borrow against its guarantee during the period. It is not permissible to recover the value of the certificate before the lapse of 6 months starting from the working day following the day of purchase. The certificate is also retrieved at the end of its period at its full nominal value and can be recovered before that date according to the recovery values. prescribed by the bank.

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