RNS No 4626R
DEPFA BANK EUROPE PLC

FROM:  10.12.97

167) ITL 75,000,000,000 UNSUBORDINATED NOTES DUE 16 JUNE 98

FULLY PAID

(REPRESENTED BY NOTES TO BEARER OF ITL 5,000,000 EACH)

ISSUE PRICE         -         100%

ISSUER              -         BANKERS TRUST CO

A copy of the above is available for inspection from the Company
Announcements office of the Stock Exchange, London.

END


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