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BM NEWS

Banque Misr offers “Al Ekhtyar” Certificate in EGP & USD
12/01/2014

Stemming from its commitment to offer outstanding and diversified banking services to meet the needs of various saving products in different currencies (EGP & USD), Banque Misr has recently offered  a new saving certificate, namely "Al Ekhtyar" Certificate with various benefits and competitive return. The certificate allows the customer to choose the amount of return in the due date, the nominal value in return for paying the discounted purchasing value.

"Al Ekhtyar" Certificate is being issued in EGP as well as USD, with 1000 EGP/USD and its increments. The certificate enjoys a competitive rate of compound return starts from the issuance date which is considered the beginning of the next month of the issuance. The certificate’s return is being distracted at the end of the tenor with the paid purchasing value. The certificate holder is eligible to obtain a loan guaranteed by the  certificate's value till 90% of the certificate’s whole purchasing value.

 "Al Ekhtyar" Certificate in EGP is available in two tenors (5 and 10 years). Meanwhile, "Al Ekhtyar" Certificate in USD could be purchased through legal and normal persons through three issuances vary from 1, 3 and 5 years.

Banque Misr is working tirelessly to offer its customers a full package of saving products, to meet their needs and achieve the highest level of customer satisfaction.