Economics

Banque Misr’s proceeds from fixed-rate certificates hit LE 7.6B in 4 days

CAIRO – 26 March 2020: Banque Misr Board Chairman Mohamed el Etribi said the bank's proceeds from certificates of deposit with a 15 percent fixed rate hit EGP 7.6 billion in four day.
In statements to MENA on Thursday, Etribi said these certificates will be available for several months and there is no need to be overcrowded at the bank's branches.
He added that the certificates can also be purchased via the internet at any time of the day.



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