The National Bank of Egypt (NBE) issued early Thursday a new platinum certificate for 3 years, with an annual return of 17.25%, which will be disbursed annually.
Yehia Abou El-Fotouh, Deputy Chairperson of the NBE, said that the bank’s assets and liabilities committee decided to increase the interest rate on the 3-year platinum certificate with a monthly return to 16% annually instead of 14%, starting today, for the new or automatically renewed certificates.
The bank issued another 3-year certificate with annual return of 16.25%, which will be disbursed quarterly, and with annual return of 16.5% in case of biannual disbursement.
