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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

 

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