1st Half 2004 Results

Commercial Intnl Bank (Egypt) SAE
27 July 2004


                                                             Date: July 27, 2004


                    CIB  Announces  1st Half 2004 Results

CIB has ended the 1H 2004 with impressive results of LE 230.7 million
representing 32.7% YOY growth. For the second quarter in a row, the constant and
steady growth was obviously due to core business activities where ;

Net Interest Income grew by 21% from LE 275.6 million in 1H 2003 to  LE. 333.8
million in 1H 2004. Non-Interest Income growth of 23% recording LE. 264.8 MM
which results in 22% growth in NOP.

Total Provisions  LE. 175 million was distributed as follows:

   Loan Loss Provisions: LE. 89 million

   Tax Provisions LE. 40 million

   Contingent Provisions LE. 31 million

   General Risk Provisions LE. 15 million



Non Performing Loans (NPL)  recorded 5.7% of Total Portfolio. NPL Coverage Ratio
reached 118%.

CIB Investor Relations Team

For any further information contact :
Suha Awny
Investor Relations Officer
Direct : 00 202 747 2776
e-mail: [e-mail]

Mohammed El Razzaz
Senior Credit Analyst
Investor Relations Department
Direct: 00 202 747 2776
e-mail :[e-mail]


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