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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
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Crédit Agricole Egypt, 9M 2024 Standalone Financial Results

Crédit Agricole Egypt, 9M 2024 Standalone Financial Results – Press Release

The Board of Directors of Credit Agricole Egypt approved the Bank’s results for the 9 months ended on Sept 30, 2024, at its meeting on Tuesday, November 5, 2024.

Main Highlights

      • Net Profit at record EGP 6,060 million, up 59% Year-on-Year;
      • Customer Deposits reached EGP 84 billion, up 4% Year-on-Year;
      • Gross Loans reached EGP 51.9 billion, up 35% Year-on-Year;
      • Current and Saving Accounts to Total Deposits reached 58% up by 4% Year-on-Year;
      • Non-Performing Loans ratio at 2.4% and Coverage Ratio at 181.3%;
      • Loans-to-Deposit Ratio at 62%, up +14% Year-on-Year driven by robust loan growth;
      • Resilient Capital Structure, Capital Adequacy Ratio of 20.05%;
      • Return on Average Assets at 7.3% up 1.5% Year-on-Year and Return on Average Equity at 47.4% up 3.4% Year-on-Year;

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