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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 Q2 – 2020

Crédit Agricole Egypt H1-2020 RESULTS
Net Profit of EGP 701.2Mln

 

 

Highlights on H1-2020 results

  • Net Profit of EGP 701.2 Mln
  • Return on Assets of 2.7%
  • Return on Equity of 24%
  • Strong Capital Adequacy Ratio at 19.53%
  • Earning Assets 87% of total Assets
  • Customer Loans portfolio recorded EGP 27.2 Bln
  • Ongoing good quality of assets (NPL at 2.50%)
  • Customer Deposits portfolio recorded EGP 40.7 Bln
  • Gross Loans to Deposit Ratio of 66.7%
  • Total Equity of EGP 6.5Bln

 

Global overview

Crédit Agricole Egypt has actively responded to overcome the challenging COVID-19 economic crisis, and according to its set sustainability strategy and responsibility, giving the priority for the support of its customers and community, while maintaining the path of its operations with a vigilant approach.

Therefore, Crédit Agricole Egypt has acted in full alignment with the Central Bank of Egypt’s measures and has mobilized its forces to pursue its operations and services across all its channels aiming to be closer to its customers and safeguard their safety during this critical time. Thus, in order to alleviate the impact of the crisis, the bank has implemented waivers of certain fees and granted a moratorium to more than 120,000 corporate and individual facilities including loans and credit cards based on its customers’ requests.

For more information, please click here

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