With interest rate up to 10.3%
The new Certificate of Deposit allows customers to borrow against 90 percent of the certificate's balance
Cairo - Meeting customers' needs, Bank Audi sae., one of the most prominent financial institutions in Egypt launched a new campaign for Certificates of Deposit with a highly competitive interest rate reaching up to 10.3%.
Bank Audi sae's Certificates of Deposit come as a culmination of a series of specifically tailored services and financial solutions introduced by Bank Audi S.A.E. The certificates aim at satisfying the Egyptian market financial requirements by working as an innovative medium in order to encourage investment opportunities.
Bank Audi sae's Certificates of Deposit offer a high interest earning power, instant money flow, and a secured capital.
The new Certificates of Deposit also allow customers to borrow against 90% of the certificate's balance, in addition to obtain a credit card exempted from the issuance fees for the first year and acquire a free debit card for the first year as well.
The new Certificates of Deposit come into categories with various tenors starting from one thousand Egyptian pounds and its multiples provided that the minimum purchasing amount to be five thousand Egyptian pounds with no maximum purchase limit. As for their duration, the new certificates vary between three, four or five years duration and their interest rate is paid on monthly, quarterly, Semiannual or annual basis depending on client's needs.
In the light of economic and political development, Bank Audi sae issues new saving schemes to support economic development in the upcoming phase aiming to endorse national liquidity, encourage corporate finance, and increase investment opportunities. This confirms the fact that the bank expansion plan in the Egyptian market has not been affected by the volatile economic situation brought by the revolution of the twenty-fifth of January.
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For more information, kindly contact:
Ragia Mostafa
Media Relations Specialist
Excellent D&N
Mob: 0172756671
Tel.: 24022352
Fax: 24022352
Press Release 2011
