Announcement for Banks
Invitation for Deposits Auction
   The Central Bank of Egypt Approved on 24/01/2011  the Following Operation Deposits:

Operation Date

Duration days

Amount 
(LE mn.)

Maturity Date

Redeemed Amount
(LE mn.)

26/01/2011

6

15000

01/02/2011

18920

26/01/2011

14

20000

09/02/2011

30770

 

The Result for the Deposit Auctions on 26/01/2011

Duration (days)

6 14

Auction Date

26/01/2011

26/01/2011

Issue Date

26/01/2011 26/01/2011

Maturity Date

01/02/2011 09/02/2011

Required Amount (LE.)

15,000,000,000 20,000,000,000

Submitted Bids

Nominal Value (LE. )

14,975,000,000

21,540,000,000

No. of Bids Offered

27 36

The Minimum Interest Rate (%)

8.265 8.290

The Maximum Interest Rate (%)

8.277 8.550

The Weighted Average Rate (%)

8.272 8.314

Accepted Bids

Nominal Value (LE. mn.)

14,975,000,000

20,000,000,000

No. of Bids Accepted

27 31

The Minimum Interest Rate (%)

8.265 8.290

The Maximum Interest Rate (%)

8.277 8.315

The Weighted Average Rate (%)

8.272 8.309