PRESS RELEASE – H1 2018 RESULTS

H1 2018 RESULTS

Credit Agricole Egypt reports a net profit of EGP 1093.5 million at end of H1-2018

Credit Agricole Egypt has announced its H1-2018 results showing an ongoing strong performance and the sustainable growth of the Bank. The Managing Director, Mr. Pierre FINAS commented: “the strong results for the first 6 months of 2018 are driven by our well-balanced business model”.

Highlights on H1-2018 results

• Net profit recorded EGP 1093.5 million up by +15.2% over H1-2017
• Dynamic growth in loans up by +16.1% over Dec-2017 reaching EGP 21 billion
• Satisfactory growth in clients’ deposits up by +6.7% over Dec-2017 reaching EGP 39.6 billion
• Strong Capital Adequacy Ratio at 19.61%
• Ongoing good quality of assets with NPL ratio recorded 2.2% as of June 2018

To know more information, please consult the complete synthesis