State banks sell EGP 121 bn of high-interest saving certificates: National Bank of Egypt (NBE) has sold EGP 82 bn of its 15% fixed-rate certificates, while Banque Misr (BM) sold EGP 39 bn-worth of the same product, BM Chairman Mohamed El Etreby and NBE Deputy Chairman Yehia Aboul Fotouh were quoted as saying by state news agency MENA. This brings the total value of investments in the certificates to EGP 121 bn since they were launched on 22 March.

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