National Bank of Egypt, Banque Misr sell EGP 82 bn of high-yield certificates

State banks sell EGP 82 bn of high-interest savings certificates: National Bank of Egypt has sold EGP 56 bn of its 15% fixed-rate certificates, including EGP 4 bn in one day, Deputy Chairman Yehya Aboul Fotouh tells Masrawy. Banque Misr has also sold EGP 26 bn of the certificates, Deputy Chairman Akef El Maghraby told Veto, bringing the total value of investments in the CDs to EGP 82 bn in under a month. The two state-owned banks began offering the certificates on 22 March to maintain cash liquidity in EGP.