• 20:57
  • Tuesday ,01 March 2016
العربية

Banque Misr to issue dollar-denominated certificates for Egyptians abroad

By-thecairopost

Home News

00:03

Tuesday ,01 March 2016

Banque Misr to issue dollar-denominated certificates for Egyptians abroad

Egypt’s state-owned Banque Misr will issue dollar-denominated certificates for Egyptians living abroad with maturities of one, three and five years, the chairman of the country’s second-largest bank told Reuters on Monday.

The one-year certificate will have an interest rate of 3.5 percent, the three-year will have an interest rate of 4.5 percent, while the five-year will have an interest rate of 5.5 percent, Mohamed al-Etriby said.