How can we help you ?

PRESS ENTER TO START THE SEARCH

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
Access all questions

Credit Agricole Egypt Q1-2020 RESULTS

Credit Agricole Egypt Q1-2020 RESULTS
Net Profit of EGP 443.8Mln

 

 

HIGHLIGHTS ON Q1-2020 RESULTS

  • Net Profit of EGP 443.8 Mln
  • Return on Assets of 3.5%
  • Return on Equity of 30.5%
  • Strong Capital Adequacy Ratio at 18.25%
  • Earning Assets 89% of total Assets
  • Interest Pairing Liability 81% of total Assets
  • Customer Loans portfolio recorded EGP 25.3 Bln
  • Ongoing good quality of assets (NPL at 2.71%)
  • Customer Deposits portfolio recorded EGP 40.3 Bln
  • Gross Loans to Deposit Ratio of 62.9%
  • Total Equity of EGP 6.3Bln

 

Global overview:

Facing the COVID-19 economic crisis context, Credit Agricole Egypt has been fully mobilized to fulfill its
commitments toward staff, customers and community.

The bank has reacted in full alignment with the Central Bank of Egypt’s comprehensive strategy by putting the required measures in place for staff and customers

To consult the full release, please click here

close