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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 is granted the approval to fully acquire the Egyptian Housing Finance Company

Crédit Agricole Egypt has received the approval of the Stock Exchange Market and executed the transaction to purchase the remaining shares of the Egyptian Housing Finance Company (EHFC). Accordingly, EHFC has become entirely owned by Crédit Agricole Egypt with a total of 99.98% of the shares.

“We are very pleased with the acquisition of EHFC. The addition of this mortgage finance arm is consistent with our expansion plan through diversifying and strengthening our lines of business”, said Henri Guillemin, Managing Director of Crédit Agricole Egypt. “EHFC has a strong record in providing mortgage finance in the country. We believe that this investment will enhance our revenues as well as our shareholders’ value”, added Mr. Guillemin. He further added that the company will be operating as an independent subsidiary of the bank and the existing management team and employees will remain unchanged.

As a result of this acquisition, Crédit Agricole Egypt banked out the shares of IFC (20%), OPEC (20%) and HDFC (10%) with a total deal reaching EGP 70 million. EHFC commenced operations in 2004 with a paid in capital of EGP 50 million and authorized capital of EGP 100 million. The total accumulative fund provided by EHFC since 2004 reached EGP 390 million with an average loan value of EGP 450,000. EHFC’s financial portfolio is comprised of 30% for high income, 60% for medium income and 10% for low income as part of the national housing project.

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