Scrapping 15% saving certificates to positively affect banks, raise profits
- Date: 26-Sep-2020
- Source: Daily News Egypt
- Sector:Financial Services
- Country:Egypt
Scrapping 15% saving certificates to positively affect banks, raise profits
Beltone Financial Holding said that the National Bank of Egypt (NBE) and Banque Misr decision to suspend their high-return savings certificates restores the ability for other banks to expand their deposit base.