Cairo - Eco - Banknotey - Fady Labib : Mohamed El-Etreby, President of Banque Misr, said: The period for issuing certificates with a return of 25% - 22.5% has not yet been determined, but it will be limited, as it may reach three weeks from the issuance. The nature of the Egyptian people tends to the stability of interest rates and the periodicity of returns " ...
The head of Banque Misr
told CNBC Arabia that the interest will be 25% in the case of certificates with
an annual return, while it will be 22.5% in the case of certificates with a
monthly return, noting that Banque Misr and the National Bank of Egypt are
national banks and at the same time they achieve profitable returns.
Distinctive certificates that allow the ability to bear the cost of the high
certificates offered by the two banks.
Al-Atribi indicated that
inflation figures reached 31% after the effects of the Russian-Ukrainian war
and Covid-19, although it was only in the range of 5-6% with the measures of
the state and the Central Bank of Egypt and the issuance of certificates with a
return of 20%, stressing that normal inflation rates are targeted during Next
period .
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