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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 – 2023

Crédit Agricole Egypt, H1 2023 Standalone Financial Results – Press Release
The Board of Directors of Credit Agricole Egypt approved the Bank’s results for the first half ended on June 30,
2023, at its meeting on Tuesday, August 1, 2023.

MAIN HIGHLIGHTS

  • Net Profit at record EGP 2,509 million, up 146% Year-on-Year;
  • Customer Deposits reached EGP 75 billion, up 53% Year-on-Year;
  • Gross Loans reached EGP 36.7 billion, up 10% Year-on-Year;
  • Current and Saving Accounts to Total Deposits reached 57.4% up by 268 bps Year-on-Year;
  • Non-performing Loans ratio at 2.66% and Coverage Ratio at 156.7%;
  • Loans-to-Deposit Ratio at 49%, down 19% Year-on-Year driven by high increase in deposits vis-à-vis
  • loans and EGP devaluation effect;
  • Resilient Capital Structure, Capital Adequacy ratio of 19.09%;
  • Return on Average Assets at 6.0% up 3% and Return on Average Equity at 45.9% up 22%;

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