The National Bank of Egypt (NBE), in cooperation with the National Investment Bank (NIB), has decided to issue new Group B investment certificate for natural persons, with a two-year duration and an annual return of 14%, paid out every three months.
The NBE has also decided to increase the return on another 3-year Group B investment certificate. The certificate’s annual return was originally 12%, which has now risen to 12.5%, to be paid every three months.
Moreover, a new certificate has been issued to legal persons, under the name “Group D Investment Certificates”. The three-year certificate offers 11.25% annual return which is also paid quarterly.
An NBE statement said individual customers can use all the electronic applications and digital services the bank provides, including Al Ahly Net and Al Ahly Mobil, to purchase the certificates. Customers can also buy other types of certificates via the digital services, in line with safety measures taken by the bank to reduce crowding in its branches.