The new savings certificates aim to enrich the bank’s long-term and fixed-income savings products: CIB


Commercial International Bank of Egypt has announced the launch of new premium savings certificates with three and four year terms in EGP as part of its plan to develop a set of long-term savings products for offer more options to its customers.

In a statement, the bank said the new certificates were developed to help customers achieve their financial goals and enjoy a fixed monthly return of 13.5% for three-year certificates and 14% for four-year certificates, in addition to taking advantage of the unique banking experience of the BFI.

In this context, Rashwan Hammady — responsible for the Retail and Products sectors at the CIB — underlined the importance of the effective role that the bank plays in society in the light of the rapid development of the movement of the market by providing more tools for investments that allow clients to secure their financial future and achieve all of their goals, whether short or long term. He also said that the main objective of the CIB is to provide savings products that meet the different financial needs of each client.

For his part, Amr Al-Taher – head of CIB’s retail banking and branch distribution sector – said that focusing on understanding customer needs, providing various financial solutions that suit them and following the standards of The highest quality in the provision of banking services in the various distribution channels, whether in branches or via digital channels, is one of the CIB’s priorities.

This launch enriches the range of savings products offered to the bank’s retail customers in different sectors with the aim of maximizing the return on customer savings by offering the widest range of products that adapt to different needs. customer liquidity, whether short-term, such as savings accounts and time deposits, or long-term, such as savings certificates.

Additionally, existing CIB customers can purchase the new Premium Certificates through Online Banking and Mobile Banking.

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