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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 Q3 – 2019

Credit Agricole Egypt reports a net income of EGP 1,868 MEGP at end of Sept. 2019

Representing an increase of +11.5% over Sept. 2018

 

Highlights on Sept 2019 results

  • Net income increased to EGP 1,868 million, up by 11.5% over same period 2018
  •  Continuous improvement of efficiency with a Cost to Income Ratio of 27.6 %
  • Return on Assets of 4.4%
  • Return on Equity of 46.9%
  • Strong Capital Adequacy Ratio at 19.36%
  • Loans portfolio reach EGP 23.4 billion
  • Ongoing good quality of assets (NPL at 3.11%)
  • Deposits portfolio reach EGP 41.1 billion
  • Loans / Deposit ratio recorded 57.1%
  • Total Shareholders’ Equity reached EGP 6.6 billion

 

Global overview

Pursuing its strategic growth plans, Credit Agricole Egypt has achieved during the 1st 9 months of 2019 a net profit of EGP 1,868 million, showing an increase over the same period last year by 11.5%, translating a steady momentum of commercial development and operational efficiency.

 

To consult the full release, please click here