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:

  1. Overnight
  2. Less than a week borrowing
  3. One week borrowing
  4. Less than a month borrowing but more than a week
  5. One month borrowing
  6. 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.