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Written by: Dia Al Sakka
The National Post Authority announced that it would reduce the interest rate on its savings accounts, allowing the customer to withdraw and deposit during the year 1% from today, on the basis of the decision of the Central Bank to reduce the deposit and loan rates to 9.25% instead of 10.25%.
In a press release, the president of the Authority, Essam Al-Saghir, said that the reduction of interest rates on savings accounts and project financing costs, as well as lower inflation rates and the improvement of the economic indicators currently observed in Egypt, have been attested by many international organizations that would contribute significantly to the increase of investments. The development of the wheel helps to maximize economic indicators.
Al-Saghir added that savings account deposits amounted to 220 billion pounds and the number of customers savings booklets to 24 million customers, pointing out that the total deposits made demonstrated the confidence of citizens in their relations with the National Post Authority, a result of the development plan put in place over the four years These included the development of service delivery systems in line with the latest international standards, as well as the modeling and development of post offices, which have 4,000 post offices throughout the Republic connected by a unified network and providing them with the latest devices, systems and advanced solutions to provide these services with Monster is happy, which made the platform of the Egyptian e-government to provide services to citizens and government arms in the crazy provision of automated services.
The Egyptian Central Bank decided Thursday at a meeting of the Monetary Policy Committee to reduce the interest rate from 1.5% to 14.25% for deposits and 15.25% for loans , the first reduction since February and the first since that date.
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