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Frequently Asked Questions

can vary depending on the type of mutual fund you invest in, your investment goals, and the market conditions. Here are some key risks associated with mutual funds:
  • Market Risk
  • Credit Risk
  • Interest Rate Risk
  • Liquidity Risk
  • Concentration Risk
  • Reinvestment Risk
It's important to understand the specific risks associated with the type of mutual fund you are considering and to align your investment choices with your risk tolerance, investment objectives, and time horizon.  

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

Mutual funds are investment vehicles that pool money from multiple investors to invest in a diversified portfolio of capital market instruments, including equities listed on the stock exchange, treasury bills, treasury bonds, or other securities. Each investor in a mutual fund owns shares of the fund, representing a portion of the overall holdings. These shares are referred to as Investment Certificates, symbolizing the investor’s ownership in the mutual funds. The primary objective of mutual funds is to provide investors with access to a diversified portfolio managed by professional fund managers, reducing risk compared to investing in individual securities. Investors benefit from the collective buying power, professional management, and diversification of the fund, which can be difficult to achieve on their own.

Mutual funds come in various types, each designed to meet different investment objectives and risk profiles. The main types of mutual funds include:
  • Equity Funds (Stock Market)
  • Fixed Income Funds (Medium/Long term Debt Funds)
  • Money Market Funds (Short term Debt Funds)
  • Balanced Funds (Hybrid Funds)
  • Precious Metals Funds (Gold/Silver Funds)
 

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.
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International Bank Account Number (IBAN)

Now, Your Transfers Are Easier With The International Bank Account Number (Iban)

In line with the Central Bank of Egypt’s decisions, the International Bank Account Number (IBAN) will be applied effective June 30th, 2020. This number ensures a standardized recognition of your account by all banks worldwide for better efficiency of your transfers locally and internationally.

Starting this date June 30th, 2020, IBAN will be requested for your incoming or outgoing transfers in all banks. It should be noted that transfers with the current short bank account numbers will still be accepted until a date that will be set later by the Central Bank of Egypt. Once date is set, you will be notified.

To Easily Know Your IBAN Number, Please Check Any Of The Following:

  • IBAN calculator available in the bottom of this page
  • Your electronic or printed monthly statement of accounts
  • For individual customers, in your banki Mobile application or banki Lite, in your account details section
  • For companies, download the statement from banki Business

For More Information About The IBAN, Please Go Through The Following Frequent Asked Questions:

What Is Iban? And What Is Its Importance?

IBAN is your regular bank account number in a developed format and with a standardized way of identifying a bank account, to be recognized by banks & other financial institutions in Egypt and around the world, which reduces errors & delays in performing international transfers.

What Is The Impact Of Iban Application On The Current Bank Accounts?

Your existing account and identification numbers remain valid without any changes. IBAN is just a different electronic format of your account number that will be used only for transfers from & to your account, inside & outside Egypt.

What Is That Format?

IBAN numbers are different in length, depending on the country of origin. That’s because the IBAN adds a standard prefix to a person domestic account number (also known as basic bank account number BBAN).
The structure in Egypt is set to be 29 digits: two characters for country code (EG), Two characters for check digit, Four characters for the Bank Code, Four characters for the Branch Code & Seventeen characters for the currency and customer account number

What Is The Time Of Application And Its Effect On The Customer?

In order to ensure that all your transactions are easily processed, please note that as of 30 June, 2020, to process transfers (either local or international) from and to your account, the IBAN will be required. Banks can still accept transfers with the current account numbers until a date that will be set by the Central Bank of Egypt. Once this date will be set, customers will be notified.

How Can The Customer Get The IBAN?

The IBAN number can be easily found through any of the following:
.
IBAN calculator available in the bottom of this page (just make sure to enter your right account number

  • Your electronic or printed monthly statement of accounts, starting March 2020,
  • For individual customers, in your banki Mobile application or banki Lite, in your account details section
  • For companies, download the statement from banki Business
  • Visit the nearest branch or contact your RM or call 19191

Do I Have To Use The IBAN Number For Transfers Within Credit Agricole Egypt?

  • No. You can continue to transfer between one account to the other in Credit Agricole Egypt with the actual account numbers with no change.

Can I Make A Transfer On Banki Mobile, Lite, Online And Business Using IBAN Numbers?

  • Yes, you can make easily transfers on banki Mobile, Lite, Online and Business using the IBAN. Just enter the IBAN in the dedicated field.

To Generate your account IBAN, enter your CAE account number in 14 digits format
EX: 00029991234567

Important Notice:

The IBAN calculator is a tool availed by the bank to facilitate to our customers getting their IBAN in Credit Agricole Egypt by entering your account number in the IBAN calculator. The produced IBAN number indicates and match the number entered in the account number field. Please make sure to enter the account number correctly.

Please note that the validity of the account number is your responsibility, the bank will not be held liable for any dispute or errors arising out from writing wrong account number and accordingly the IBAN number produced from the IBAN calculator.