Financial Report 1st Quarter 2004

(In thousands EGP)

As of 31st March 2004

End March 2004

End March 2003

Assets   10 718 602 9 041 247
Deposits    9 146 039 7 692 944
Loans (Net)    5 656 819 4 787 582
Shareholder's Equity

      735 957

   665 449

1st Quarter 2004
1st Quarter 2003
Net return   88 220  67 378
Net activity revenue  147 211  109 361
Net period profits    51 288    42 359
Financial Ratios
1st Quarter 2004
1st Quarter 2003
Return on assets 1.91 % 1.87  %
Return on Equity 27.88 % 25.46%
Equity to Assets 6.87 % 7.36 %