ABC raises return on 3-year certificates to 11.75%

Arab banking Corporation Bank increased the return on his 3-year certificates reaching 11.75% for monthly return, 12% for quarterly return, and 12.15% half yearly return.

ABC increased the interest rate, in order to cope with the changes retail banking witnessed and the high return on savings funds.

ABC eyes achieving increase in its deposit portfolio, which grew by 7% at end of 2011, registering EGP 3.885 billion, compared with EGP 3.620 billion at end of 2010.