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Frequently Asked Questions

  • Yes. The draw mechanism is cumulative. Every additional EGP 20,000 of fresh funds booked into a CD grants you one extra chance (e.g., EGP 100,000 gives you 5 chances).

  • This offer is exclusively for New-to-Bank customers (including Youth NTB) who increase their fresh funds by a minimum of EGP 20,000 and book it into an EGP Certificate of Deposit.

The cashback payouts will occur in two phases based on when the fresh funds are evaluated:
  • First Phase: Credited during October 2026 (reflecting growth from end-of-September vs. end-of-July).
  • Second Phase: Credited during January 2027 (reflecting growth from end-of-December vs. end-of-September).

Fresh funds are measured by the net increase in your Local Currency Assets Under Management (LCY AUM) across two distinct tracking periods:
  • First Draw: The increase in LCY AUM at the end of September 2026 compared to the end of July 2026.
  • Second Draw: The increase in LCY AUM at the end of December 2026 compared to the end of September 2026.

  • The campaign targets all existing Crédit Agricole Egypt customers, New-to-Bank customers, New-to-Bank customers,
  • And specifically features tailored offers for Youth customers.
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PRESS RELEASE – Q1 2016 RESULTS

Credit Agricole Egypt reports an increase of 34.1% of its net income after tax for 1st quarter 2016 of EGP313.4 million compared with EGP233.8 million in 1st quarter of 2015.

Commercial development driven by all activities :-

The bank’s overall activities have performed well. The number of customers has increased by 8% over the 1st quarter of 2015. The growth of the overall balance sheet was achieved through the development of clients’ deposits by +3% over December 2015, out of which low cost deposits that increased by 8% over the same period. Client loans increased by 2.6% over December 2015 driven fully by retail loan activities. Corporates and enterprises’ weaker demand during the 1st quarter was noticed due to the general slowdown of the market.

During the 1st quarter of 2016, Credit Agricole Egypt has increased its branch network to reach 79 branches.

Loans      

EGP Million

March

2016

December 2015

Change

%
 Corporate

9,867.6

9,807.2

0.6%
 Retail

4,917.7

4,706.9

4.5%
 Banks

274.0

167.5

63.6%

Total

15,059.3

14,681.6

2.6%
Deposits      

EGP Million

Q12016

Q42015

Change %
 High Cost

16,601.6

16,682.2

-0.5%
 Low Cost

10,795.0

9,981.0

8.2%

Total

27,396.6

26,663.2

2.8%

 

A Sustainable growth in profitability in Q12016 :

EGP Million

Q12016

Q42015

Change %

Q12015

Change %
Net Interest Income

442.4

424.6

4.2%

365.6

21.0%
Net Fees & Commission Income

115.1

117.4

-2.0%

118.9

-3.2%
Net Trading Income

45.4

34.8

30.4%

55.3

-17.9%
Other Operating Income

2.9

5.2

-43.8%

6.0

-51.4%
Net Banking Income

605.8

582.1

4.1%

545.7

11.0%
Total Expenses

(205.2)

(209.2)

-1.9%

(194.7)

5.4%
Gross Operating Profit

400.6

372.8

7.4%

351.1

14.1%
Other Income (Expenses)

12.3

(27.2)

-145.3%

11.0

12.5%
Income Before Impairment &Tax

412.9

345.6

19.5%

362.0

14.1%
Impairment

(5.8)

(28.2)

-79.6%

(25.5)

-77.3%
Net Income Before Tax

407.2

317.4

28.3%

336.5

21.0%
Tax

(93.8)

(31.7)

196.0%

(102.8)

-8.8%
Net Income

313.4

285.7

9.7%

233.8

34.1%
Cost / Income Ratio

33.9%

35.9%

  

35.7%

  

 

The growth of the NBI (net banking income) reached a satisfactory level of 11.0% over the 1st quarter of 2015. This increase is triggered by the growth of the net interest income by 21.0% driven by both higher margins and volumes, especially in retail, FCY (foreign currency) corporate loans and low cost deposits. On the other front, the net commissions and fees have decreased by 3.2%, impacted by the foreign currency scarcity.

Expenses growth was kept at a moderate level of 5.4% over the 1st quarter of 2015, despite the higher capital expenditure (new investments in the IT infrastructure) and increased wages.

The operating profit before provisions and taxation has reached EGP 412.9 million with a growth rate of 14.1% over the 1st quarter of 2015. The cost of risks recorded a low level due to higher selectivity on granting loans and good recovery results. The tax rate decreased from 30% to 25% contributing positively to tax expenses for the 1st quarter of 2016. Consequently, the net income after tax grew by 34.1% to reach EGP 313.4 million.

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