HomeGlobal EconomyArab Finance - International Commercial reduces the benefit of fixed 300 basis...

Arab Finance – International Commercial reduces the benefit of fixed 300 basis points


International Commercial reduces the benefit of fixed 300 basis points

cut Commercial International Bank -Egypt (CIP) (Comi)The interest rates on fixed -term savings certificates for 3 years, at 300 basis points.

According to the data published on the website of the International Commercial Bank CIB, the return on the three -year -old triple certificate decreased to 17% annually instead of 20%, the return is paid monthly, and the minimum certificate is one million pounds.

The interest rate on the Plus triple certificate decreased to 16% instead of 19%, and the minimum purchase of the certificate is 500 thousand pounds.

The interest rate on the Prime triple certificate decreased to 15% annually instead of 18%, the return is paid monthly, and the minimum purchase of the certificate is 100 thousand pounds.

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