- Banque Misr offers 3 graduated certificates of return with different exchange periodicities, with a return of up to 30%.
- The first certificate grants an annual return of 30% for the first year, 25% for the second year, and 20% for the third year, while the other certificate grants a return with a quarterly disbursement period at the rate of 27% for the first year, 23% for the second year, and 19% for the third year.
- While the return for the third certificate is disbursed monthly at the rate of 26% for the first year, 22.5% for the second, and 19% for the third year.
- The bank makes these certificates available to natural individuals or minors, Egyptians or foreigners, with a minimum purchase of 1,000 pounds and multiples thereof, and the duration is calculated starting from the business day following the purchase.
- It is noteworthy that the Monetary Policy Committee of the Central Bank of Egypt will hold its third meeting for the year 2024 to discuss interest rates on deposits and lending next Thursday.
- The Central Bank had decided to cancel the Monetary Policy Committee meeting scheduled to be held on March 28, after holding an extraordinary meeting on March 6, in which it raised interest rates by 6% to reach levels of 27.25%.
