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.

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