The Arab African International Bank has offered its customers a savings certificate with the highest investment return in the banking market.
The bank allows saving on this certificate for a period of three years.
It offers the new certificate with many advantages, such as:
- The minimum amount for issuing a certificate is LE5,000 and the multiples of LE1,000, without a maximum.
- The cumulative price on the certificate reaches 65 percent, to be disbursed at the due date.
- The investment period in the certificate is up to three years.
- The certificate cannot be renewed after the due date.
The certificate allows for borrowing from the bank at a rate of 80 percent of the original certificate price, and allows issuing a credit card.
The bank offers the certificate to ordinary individuals only.
The Arab African International Bank announced in a previous statement it achieved net income from returns of US$226.5 million in H1-2023 and net income from fees and commissions of $46 million, bringing its net revenues to $284 million.