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Credit Agricole Egypt Receives 2 Awards

To close a successful year, Credit Agricole Egypt receives 2 awards:
Egypt’s Top 50 Companies by Forbes Middle East and JP Morgan’s “Elite Quality Recognition Award” with state-of-the-art STP rate

Mr. Pierre Finas: “These award are the recognition of Credit Agricole’s leading position in the market and its exceptional performance”

Cairo, December…, 2017 – Acknowledging its outstanding performance and positive results, Credit Agricole Egypt was ranked the 11th on the list of Egypt’s Top 50 Listed Companies, in terms of revenue, market value, net profits and gross assets value, during Forbes Middle East’s “EGYPT 100” celebration.

In addition, for the 8th year in a row, Credit Agricole Egypt has been able to maintain outstanding Straight-Through-Processing (STP) performance levels in Payments, qualifying it for JP Morgan Chase’s Elite Quality Recognition Award with exceptional STP rate. This award is presented to leading financial institutions which have state-of-the-art STP electronic payment services that meet JP Morgan’s stringent processing accuracy criteria.

“EGYPT 100” celebration hosted a number of the Economic Group ministers and a distinguished group of bankers, institutions, multinational corporations, business men and women, young entrepreneurs and the media. The event was also attended by Minister of Social Solidarity, Ghada Wali, and Minister of Planning, Monitoring and Administrative Reform, Dr. Hala Al-Saied, who handed out the award to Credit Agricole Egypt Managing Director – Mr. Pierre Finas.

Mr. Pierre Finas – Managing Director of Credit Agricole Egypt said he is honored to receive these awards that recognize the bank’s leading position from such reputable firms. He added: “in line with the bank’s sustainable development strategy, we were able to maintain an outstanding performance, with constant growth and solid profitability. Our endeavor is maintaining high efficiency ratios and exceptional quality of service. We are satisfied from our performance and we look forward to maintain our growth, to continue to accompany our customers and support to the Egyptian economy.” To conclude, Mr. Finas seized this opportunity to thank the bank’s staff for their key role in attaining such prestigious awards.

It is worth mentioning that Credit Agricole Egypt adopts a sustainable development strategy based on a diversified approach to serve different clientele segments: individuals, SMEs, large corporates. Its strategy gives the priority to customer’s satisfaction by constantly offering innovative, high-quality and value added services.”

The J.P. Morgan Chase annual ‘Elite Quality Recognition Award’ was instituted in 1997, to honor banks who achieve consistent, high-quality performance. Credit Agricole Egypt has joined this list of elite banks which appreciate time-saving, low-cost payment execution.

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