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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