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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 Q1 – 2023

Crédit Agricole Egypt, Q1 2023 Standalone Financial Results – Press Release

The Board of Directors of Credit Agricole Egypt approved the Bank’s results for the quarter ended on March 31, 2023, at its meeting on Thursday, May 11, 2023.

MAIN HIGHLIGHTS

  • Net Profit of EGP 1,221 million, up 151% Year-on-Year;
  • Customer Deposits reached EGP 67.9 billion, up 39% Year-on-Year;
  • Gross Loans reached EGP 36.0 billion, up 12% Year-on-Year;
  • Current and Saving accounts to Total Deposits reached 63.7% up by 1281 bps Year-on-Year;
  • Good and Resilient quality of assets, Non-performing Loans ratio at 2.8%;
  • Loans-to-Deposit Ratio at 53% down 12% Year-on-Year driven by increase in deposits and EGP devaluation;
  • Resilient capital structure, Capital Adequacy ratio of 19.72%;
  • Return on Average Assets of 6.1% and Return on Average Equity of 47.7%;
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