One billion pounds... Banque Misr plans to invest in companies during 2024

Banque Misr aims to invest more than 1 billion pounds in companies during the year 2024. These investments come in the form of a number of new acquisitions and others in the bank’s portfolio as capital increases worth more than 1 billion pounds during the next year.

Details of investing more than one billion pounds in companies

Ahmed Sobhi, head of the investment sector at Banque Misr, stated that the bank has a strategy aimed at pumping direct investments worth more than one billion pounds into a number of companies and financial institutions, most notably service companies complementary to the real estate development sector and the industrial sector, and contributions aimed at supporting exports and import substitution and financial technology companies.

The value of Banque Misr’s book contributions to direct investments amounted to about 70 billion pounds, distributed among shares in more than 160 companies, according to the head of the bank’s investment sector.

Savings certificates

On a related level, bank savings certificates are among the savings vessels that individuals are most interested in, to invest their savings in savings vessels that achieve quick and guaranteed profits, with the rise in interest rates, and during the recent period, many banks have offered a different set of certificates that suit all categories.

This is the highest savings certificate in the Bank of Egypt before the meeting of the Central Bank of Egypt, next Thursday, to decide the fate of interest rates.

Ibn Misr certificate from the Bank of Egypt

Banque Misr offers its customers a variety of savings certificates, including savings certificates. The most prominent of these savings certificates is the “Ibn Misr” certificate as the highest savings certificate at Banque Misr, with a return of up to 22%. The details of the certificate are as follows:

- Duration of the certificate: 3 years.

- Minimum certificate purchase amount: 1000 pounds and its multiples.

- Return on the certificate: 22% in the first year, 18% in the second year, 16% in the third year.

- Possibility of borrowing against the guarantee of the certificate.

- Savings certificate is issued to natural individuals only.

Central bank meeting

The Monetary Policy Committee of the Central Bank of Egypt is scheduled to hold its last meeting this year, on Thursday, December 21, to decide the fate of interest rates during the coming period.