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Frequently Asked Questions

  • EFG Hermes Asset Management is the fund manager for Credit Agricole I, Credit Agricole II equity funds and Credit Agricole III money market fund. With over 25 years of experience in the Egyptian market, the fund manager makes investment decisions on behalf of the investors based on through research and close monitoring of market conditions. EFG Hermes Asset Management is responsible for the performance of the funds under its management, as they handle the investment part of the fund.

  • All mutual funds announce the Investment Certificate price on a weekly basis, allowing investors to track their performance. Additionally, the fund manager publishes quarterly fact sheets that provide insights into the fund’s performance.

  • You can subscribe by signing a subscription form at any of the bank’s branches across Egypt. Subscription frequency varies depending on the fund type. Some funds offer daily subscriptions, while others provide weekly subscriptions. However, in all cases orders must be submitted before 12:00 pm on any applicable day.

  • Returns represent the total net profits or losses (in some types of mutual funds) achieved against the invested amount during a specific period. To view the returns for the mutual funds offered by the bank Click Here

    • Redemption orders can be signed at any of the bank’s branches across Egypt. Redemption frequency varies depending on the fund. Some funds offer daily redemption, while others provide weekly redemption. However, in all cases, orders must be submitted before 12:00 pm on any applicable day

Imbaba El Matar project

Unfortunately Egypt has a lot of neglected and abandoned areas where people actually live in an inhuman and unhealthy environment, among which there is Imbaba EL Matar as a live example. Crédit Agricole took this area as a start and worked on this project on three parallel development paths that was started by end of 2012 to 2015:

Health

Crédit Agricole has worked on upgrading of community clinics and equipping it with the latest equipment to offer a decent health service to the people in need living there. The clinics completed with the latest instruments and equipment. It also established an ophthalmic clinic, a dental clinic, and two medical convoys that serve more than 400 patients for free. In addition to an eye operation room that served around 1000 patients.

Education

A local school in the area had a complete renovation where their classrooms upgraded to offer a healthy and clean atmosphere for the students. Crédit Agricole has also funded literacy classes for the adults in the same area:
  • Moustaf Kamel school was completely renovated with 2 big buildings including class renovations and washrooms
  • 25 literacy classes that provided primary education to 375 adult students per year  and were eligible to be transferred to preparatory stage 

Environment

with the aim to rebuild the area with a more humane atmosphere to its people, Crédit Agricole worked on cleaning up of garbage and planting of trees for a clean air, which resulted  in the removal of 1,500 tons of garbage from the slums.

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