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Frequently Asked Questions

  • Yes, the same eligibility criteria apply to both primary and supplementary credit cards.
  • Each cardholder must meet the required international spend condition independently to qualify for the benefit.

  • Eligibility is based on posted (settled) transactions, not pending ones. Customers should ensure their transactions are fully processed and posted before attempting lounge access.

  • It means the system checks 90 days backward from the date of the last international transaction processed to confirm eligibility.

  • If the required international spend (USD 5 within the last 90 days) is not met, lounge access will not be granted, and the visit will be declined.

  • An international transaction includes any purchase made outside Egypt or in foreign currency, whether performed abroad or through international online merchants.
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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.

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