Egyptian state banks gather over $10bn from high return investment funds item – HaberiNews

Egyptian state banks gather over $10bn from high return investment funds item

HaberiNews

Egypt’s two greatest state banks have gathered 171 billion Egyptian pounds ($10.5 billion) from another high return reserve funds item they presented in March, authorities from the two banks were cited as saying on Saturday.

The one-year item, propelled on March 22, convey a 15% yield.

An authority at the National Bank of Egypt said it had gathered 122 billion pounds, while Banque Misr’s director said it had assembled 49 billion pounds, state news organization MENA detailed.

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