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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 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

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