Economics

NBE: 15% -yield saving certificates posted gains of LE 17.3B in 4 days

CAIRO – 26 March 2020: Chairman of the National Bank of Egypt (NBE) Hisham Okasha has said that the 15%-yield saving certificates posted proceeds of EGP 17.3 billion in four days, since offering them earlier this week.
In a statement released on Thursday, Okasha added that over 85,000 citizens bought the one-year certificates, calling on clients to abide by the bank's exceptional measures, over the spread of the novel coronavirus (COVID-19) epidemic.
He went on to say that the NBE will meet requests for purchasing these certificates through online channels and phone calls.



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