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Banque Misr issues a new three-year "Ibn Misr" certificate with a decreasing rate of return starting at 22% annually, while the rate of return on the three-year saving certificate is increased to 19% annually.

Apr 02, 2023 12:00 PM

Banque Misr has decided to reissue the "Ibn Misr" certificate for a period of three years. The Ibn Misr certificate is issued with an annual return of 22% for the first year, 18% for the second year, and 16% for the third year, and the return is paid monthly. Banque Misr has also increased the rate of return on the saving certificate, which is issued for a period of three years with a fixed return of 19% annually throughout the period of the certificate, and the return is paid monthly.

The categories of certificates start from EGP 1,000 and its multiples and are issued to individuals or adolescents, Egyptians, or non-Egyptians; the period is calculated from the following business day after the purchase. In addition to the possibility of issuing credit cards with the certificate's guarantee, it is also possible to borrow with the certificate's guarantee, and the certificate can be retrieved after six months, starting on the business day following the date of purchase, following the rules of recovery and the terms and conditions governing the certificate.

Additionally, certificates can be purchased from any of the bank's over 800 branches and banking units located throughout the Republic. The certificate can also be purchased via the Internet, mobile banking BM Online, and more than 5,000 Banque Misr ATMs located throughout the Republic.

The bank is always eager to satisfy its customers and meet their desires and requirements, focusing on the permanent development of its existing savings facilities and introducing anything new that is in line with these requirements.