Financial Report 1st Quarter 2003

(In thousands EGP)

As of 31st March 2003

End March 2003

End March 2002

Assets   9 041 247 7 109 874
Deposits 7 692 944 5 842 004
Loans (Net) 4 787 582 3 944 580
Shareholder's Equity

   665 449

   561 344

1st Quarter 2003
1st Quarter 2002
Net return  67 378  51 736
Net activity revenue  109 361  80 185
Net period profits  42 359  35 374
Financial Ratios
1st Quarter 2003
1st Quarter 2002
Return on assets 0.47 % 0.50 %
Return on Equity 6.37 % 6.30 %
Equity to Assets 7.36 % 7.90 %