Financial Report 2nd Quarter 2003

(In thousands EGP)

As of 30th June 2003

End June 2003

End June 2002

Assets   9 896 425 7 688 019
Deposits 8 454 372 6 208 563
Loans (Net) 5 119 423 4 409 752
Shareholder's Equity

   665 449

   561 344

2nd Quarter 2003
2nd  Quarter 2002
Net return  150 192  112 513
Net activity revenue  251 016  174 238
Net period profits  90 102  75 373
Financial Ratios
2nd  Quarter 2003
2nd Quarter 2002
Return on assets 0.91 % 0.98 %
Return on Equity 13.54 % 13.43 %
Equity to Assets 6.72 % 7.30 %