Announcement for Banks

                                     Invitation for Deposits Auction

     The Central Bank of Egypt Approved on 26/08/2008  the Following Operation
Deposits:

Operation Date

Duration days

Amount 
(LE mn.)

Maturity Date

Redeemed Amount
(LE mn.)

27/08/2008

28

3000

24/09/2008

 

12050

27/08/2008

126

1000

31/12/2008

The Result for the Deposit Auctions on 26/08/2008

Duration (days)

7

Maturity Date

02/09/2008

Required Amount (LE. mn.)

15000

Submitted Bids

Nominal Value (LE. mn.)

32474

No. of Bids Offered

58

The Minimum Interest Rate (%)

11.360

The Maximum Interest Rate (%)

11.700

The Weighted Average Rate (%)

11.409

Accepted Bids

Nominal Value (LE. mn.)

26074

No. of Bids Accepted

46

The Minimum Interest Rate (%)

11.360

The Maximum Interest Rate (%)

11.400

The Weighted Average Rate (%)

11.389