The Board of Directors of Credit Agricole Egypt approved the Bank’s results for the 12 months ended on Dec 31, 2024, at its meeting on Tuesday, February 4, 2025.

Main Highlights

• Record Net Profit at record EGP 8,001 million, up 56% Year-on-Year;
• Customer Deposits reached EGP 95.5 billion, up 13% Year-on-Year;
• Gross Loans reached EGP 55.2 billion, up 29% Year-on-Year;
• Current and Saving Accounts to Total Deposits reached 57% up by 6% Year-on-Year;
• Non-Performing Loans ratio at 2% and Coverage Ratio at 200%;
• Loans-to-Deposit Ratio at 58%, up +7% Year-on-Year driven by robust loan growth;
• Resilient Capital Structure, Capital Adequacy Ratio of 20.05%;
• Return on Average Assets at 6.9% up 1.2% Year-on-Year and Return on Average Equity at 44.6% up 2.5% Year-on-Year;
• Cost Income Ratio at 19.8% lower by 2.5% Year-on-Year;

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