Arab Finance: Banque du Caire (BDC) (BQDC) issued a three-year Primo Gold savings certificate, with a return of 17.25% annually, according to an emailed press release on October 27th.
The bank also issued the same certificate with a monthly return of 16% and a quarterly return of 16.25%.
The minimum issuance of the Primo Gold certificate is EGP 10,000.
The holder of this three-year certificate can benefit from it as of the following day of purchase.
The value of the certificate is redeemable six months after the issuance date.
This issuance comes in line with the bank’s commitment to meeting the requirements of all segments of clients and encouraging holders of deposits to maintain the purchase value of their savings.