The National Bank of Egypt and Banque Misr decided to stop the 18% certificate, after achieving the target of about 750 billion pounds with the National Bank and Egypt.
The two banks also decided to increase the return price of the three-year certificate upon renewal or purchase, to become an annual return of 14% instead of 11%, and the return is disbursed monthly.
The proceeds of the 18% certificate amounted to 515 billion pounds at the National Bank of Egypt, and 240 billion pounds at Banque Misr since their issuance on March 21 until the end of work today, Monday.
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