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.

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