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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 - 2021

Credit Agricole Egypt continuing the good business momentum and records good quality results

Net Profit reaches EGP 764 Mln in 1H21

HIGHLIGHTS ON RESULTS AT 1 H2021

  • Net Profit of EGP 764 Mln
  • Return on Equity of 21.6%
  • Return on Assets of 2.8%
  • Strong Capital Adequacy Ratio at 21.7%
  • Earning Assets 89.3% of total Assets
  • Customer Loans portfolio recorded EGP 28.6 Bln
  • Ongoing good quality of assets NPL at 3.7% .
  • Customer Deposits portfolio recorded EGP 44.1 Bln
  • Gross Loans to Deposit Ratio of 65%
  • Total Equity of EGP 7.1 Bln

GLOBAL OVERVIEW

In the resilient Egyptian economy that noticeably endured the exceptional pandemic challenge, Credit Agricole Egypt continued in Q2 to restore its revenues (4.2% YOY net banking income growth) and to support its client with a loan portfolio growth of 6.6% YTD to know more click here