Base Page Information

Base Page Information
Country		EGYPT
Data category		Interest Rates

Contact person		Mr. Ahmed Salah Abd El Hamid
Organization		Central Bank of Egypt Bank Control Department
Phone Number		(202) 3934879
Fax Number		(202) 3939689
E-mail		banking_control@cbe.org.eg

Dissemination formats:
Hardcopy			News release		X
			Weekly	X	Monthly	quarterly bulletin
			Other

Electronic	X		On-line country bulletin board or database
			Diskette		CD ROM	Other
Summary Methodology Access to Egypt’s Statistics

The Data: Coverage, Periodicity, and Timeliness

Coverage characteristics

Interbank Interest Rates

A daily and weekly weighted average rates for 85% or more of the actual transactions of the interbank market in Egyptian pounds (borrowing) are disseminated for:

Overnight

Less than a week borrowing

One week borrowing

Less than a month borrowing but more than a week

One month borrowing

More than a month

Deposit and Loan Interest Rates

The arithmetic mean of the rates of deposits for three months, six months, one year and loans for one year and less are disseminated on weekly basis.

Discount Rate

Announced by the Central Bank of Egypt as soon as it changes, and is published on the same day of change.

Treasury Bills Interest Rates

The weighted average rate of each treasury bills auction (91, 182 days) is disseminated on the same day.

Web Page: (http://www.cbe.org.eg)

Periodicity

Daily, except deposits and loans.

Interest rate on treasury bills is published on the next day of auction.

Timeliness

Daily on Web Page for the interbank rates, and one week after the end of reference week for deposit and loan interest rates.

A day after auction of treasury bills.

Access by the Public

Advance dissemination of
release calendar

Not applicable.

Simultaneous release to all
interested parties

Data are initially released to the public via the CBE’s website: (http://www.cbe.org.eg). A notice to this effect is published in the CBE's monthly Statistical Bulletin. These data are also disseminated in the said Bulletin, the quarterly Economic Review, and the Annual Report. These documents are available freely by the CBE, either by subscription or distribution.

Integrity

Dissemination of terms and
conditions under which
official statistics are
produced, including ...
confidentiality of individual
responses

The data are collected by the CBE in accordance with the Central Bank and Banking System Law (No. 88, 2003) issued in June 2003 and includes a section that provides confidentiality to both banks and their clients.
The Central Bank and Banking System Law (No. 88, 2003) is available in Arabic, and a copy can be downloaded from the CBE website at: (http://www.cbe.org.eg)

Data are published by the CBE as a public service.

Identification of internal
government access to data
before release

There is no internal government access to data prior to release.

Identification of ministerial
commentary on the occasion of
statistical releases

There is no ministerial commentary on the occasion of statistical releases.

Provision of information
about revision and advance
notice of major changes in
methodology

Data are published on final basis. (http://www.cbe.org.eg).

Quality

Dissemination of
documentation on methodology
and sources used in preparing
statistics

Brief explanatory notes are in the CBE's monthly Statistical Bulletin.
(See also summary methodology)

Dissemination of that
support statistical cross-
checks and provide assurance
of reasonableness

The CBE's monthly Statistical Bulletin compares these rates for the week ending for four previous months, as well as with interest rate on treasury bills and interest rates on REPOs (an auction rate).

Summary Methodology Page
Data category		Interest Rates
National descriptor		Central Bank of Egypt Bank Control Department

Contact person		Mr. Ahmed Salah Abd El Hamid
Organization		Central Bank of Egypt - Bank Control Department
Phone Number		(202) 3934879
Fax Number		(202) 3939689
E-mail		banking_control@cbe.org.eg

I.	Analytical framework, concepts, definitions, and classifications (including reference to applicable guidelines)
	The interest rates on LE deposits and loans, as well as those on interbank money market are announced by each bank freely on demand and supply basis. Discount rate is announced by CBE, while interest rates on treasury bills, and deposits by banks at CBE are determined through auctions conducted by CBE.
II.	Scope of the data (coverage of, e.g., institutional units, transactions and stock, commodities, industries, and geographic areas)
	Interest rates prevailing in the market on: bank loans & deposits, CBE discount rate; interbank money market rates; treasury bills, and deposits by banks at CBE.
III.	Accounting conventions (e.g. time of recording, valuation methods)
	The average interest rates on bank loans & deposits published by CBE are weighted average of most (85 percent or more) actual transactions of banks.
IV.	Nature of the basic data (e.g., administrative records, surveys censuses, combinations of these)
	Market data.
V.	Compilation practices (e.g., weighting schemes, imputation methods, balancing/cross-checking techniques)
	Weighted average for bank deposits & loans, interbank rates, and treasury bills.
VI.	Other aspects (e.g., seasonal adjustment, disclosure avoidance, base years, reference years, transformations from fiscal to calendar years)
	Not applicable.

The Data: Coverage, Periodicity, and Timeliness
Coverage characteristics	Interbank Interest Rates A daily and weekly weighted average rates for 85% or more of the actual transactions of the interbank market in Egyptian pounds (borrowing) are disseminated for: Overnight Less than a week borrowing One week borrowing Less than a month borrowing but more than a week One month borrowing More than a month Deposit and Loan Interest Rates The arithmetic mean of the rates of deposits for three months, six months, one year and loans for one year and less are disseminated on weekly basis. Discount Rate Announced by the Central Bank of Egypt as soon as it changes, and is published on the same day of change. Treasury Bills Interest Rates The weighted average rate of each treasury bills auction (91, 182 days) is disseminated on the same day. Web Page: (http://www.cbe.org.eg)
Periodicity	Daily, except deposits and loans. Interest rate on treasury bills is published on the next day of auction.
Timeliness	Daily on Web Page for the interbank rates, and one week after the end of reference week for deposit and loan interest rates. A day after auction of treasury bills.
Access by the Public
Advance dissemination of release calendar	Not applicable.
Simultaneous release to all interested parties	Data are initially released to the public via the CBE’s website: (http://www.cbe.org.eg). A notice to this effect is published in the CBE's monthly Statistical Bulletin. These data are also disseminated in the said Bulletin, the quarterly Economic Review, and the Annual Report. These documents are available freely by the CBE, either by subscription or distribution.
Integrity
Dissemination of terms and conditions under which official statistics are produced, including ... confidentiality of individual responses	The data are collected by the CBE in accordance with *the Central Bank and Banking System Law (No. 88, 2003)* issued in June 2003 and includes a section that provides confidentiality to both banks and their clients. *The Central Bank and Banking System Law (No. 88, 2003)* is available in Arabic, and a copy can be downloaded from the CBE website at: (http://www.cbe.org.eg) Data are published by the CBE as a public service.
Identification of internal government access to data before release	There is no internal government access to data prior to release.
Identification of ministerial commentary on the occasion of statistical releases	There is no ministerial commentary on the occasion of statistical releases.
Provision of information about revision and advance notice of major changes in methodology	Data are published on final basis. (http://www.cbe.org.eg).
Quality
Dissemination of documentation on methodology and sources used in preparing statistics	Brief explanatory notes are in the CBE's monthly Statistical Bulletin. (See also summary methodology)
Dissemination of that support statistical cross- checks and provide assurance of reasonableness	The CBE's monthly Statistical Bulletin compares these rates for the week ending for four previous months, as well as with interest rate on treasury bills and interest rates on REPOs (an auction rate).