Crédit Agricole Egypt, 1H 2022
Standalone Financial Results – Press Release
The Board of Directors of Credit Agricole Egypt approved the Bank’s results for the quarter and
half-year ended June 30, 2022, at its meeting held in New Cairo on Tuesday, August 2, 2022.
Main Highlights
- Gross Loans reached EGP 33 billion, up 17% Year-on-Year / 8% Year-to-Date
- Customer Deposits reached EGP 49 billion, up 11% Year-on-Year / 2% Year-to-Date
- Loans-to-Deposit Ratio of 68%
- Good quality of assets, Non-performing Loans ratio of 3.6%
- Resilient capital structure, Capital Adequacy ratio of 20.9%
- Net Profit recorded EGP 1,019 million, up 33% Year-on-Year
- Return on Average Assets of 3.3% and Return on Average Equity of 23.7%
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