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BM NEWS

Issuance of Annual Ibn Misr Certificate of 15% Returns Ceased
21/09/2020

The Management of Banque Misr opted for ceasing the issuance of the annual Ibn Misr certificate – of 15% returns – for a period of one year, Monday 21/9/2020, following the meeting convened by the Bank’s Assets Management and Liabilities Committee.

Worth noting is that the proceeds of selling the Ibn Misr certificate of 15% returns amounted to some EGP 103 billion. Also worth pointing out is that customers who had recently purchased the said certificate shall continue to enjoy the same rate of return until the date of maturity, provided that the value of the certificate is deposited in customers’ accounts upon expiration. Customers may visit the nearest branch or utilize the BM Online banking service to save their funds, as per their needs, by selecting from the Bank’s various saving channels.

Banque Misr consistently strives to fulfil the various needs of customers by offering a multitude of banking products and services that satisfy their requirements.