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Frequently Asked Questions

  • Yes guests are allowed provided they are accompanying the cardholder on the same flight.
  • Each guest will be charged by $32 per visit (to be paid at the lounge)

6 free access throughout the calendar year then every extra visit will be charged by $32 (it will be debited from the registered credit card)

No minimum spend required

Mutual funds and Certificates of Deposit (CDs) are two distinct investment options that differ in several key aspects, including structure, risk, returns, diversification and liquidity. below is a comparison:
  1. Investment Type
  • Mutual Funds: Mutual funds pool money from multiple investors to invest in a diversified portfolio of stocks treasury bonds or other securities. The value of your investment fluctuates based on the performance of the underlying assets.
  • CDs: A CD is a fixed-term deposit offered by banks and credit unions. You deposit money for a set period (e.g." 1 year 3 years etc.) and the bank pays you a fixed interest rate over that term. The principal is guaranteed and the interest is usually fixed.
  1. Return and Risk
  • Mutual Funds: These carry market risk because the value of the underlying securities can rise and fall. As a result" returns are variable and depend on the performance of the assets within the fund. Equity mutual funds tend to have higher potential returns but with greater risk whereas bond funds offer more stable albeit lower returns.
  • CDs: Generally considered low risk because your principal and interest are guaranteed by the issuing bank. However CDs face interest rate risk- if interest rates rise during the CD term your fixed rate become less attractive. The return is fixed and predictable but it is typically lower than the potential mutual fund earnings especially in a low-interest-rate environment.
  1. Liquidity
  • Mutual Funds: Generally liquid allowing investors to buy or sell shares daily. Some funds may offer weekly liquidity for entry and exit.
  • CDs: Funds are locked in until the maturity date. Early withdrawals may result in penalties such as losing some of the accrued interest and withdrawals are usually not allowed within the first six months.
  1. Diversification
  • Mutual Funds: Provide built-in diversification since the fund invests in a variety of securities helping to spread risk across multiple assets.
  • CDs: offer no diversification as the investment is concentrated in a single fixed-income product.

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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