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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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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

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