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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.

With the same QR or Digital membership generated by the Primary OR Supplementary cardholders.
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Press Release Q3 – 2020

Crédit Agricole Egypt, 2020 – 9 months Results
Net Profit of EGP 1,031Mln

 

 

 

HIGHLIGHTS ON SEPT. 2020 RESULTS

  •  Net Profit of EGP 1,031 Mln
  •  Return on Assets of 2.6%
  • Return on Equity of 23.5%
  • Strong Capital Adequacy Ratio at 19.02%
  • Earning Assets 88% of total Assets
  • Customer Loans portfolio recorded EGP 27.7 Bln
  • Ongoing good quality of assets NPL at 2.52%.
  • Customer Deposits portfolio recorded EGP 41 Bln
  • Gross Loans to Deposit Ratio of 68%
  • Total Equity of EGP 6.9Bln

 

GLOBAL OVERVIEW
Crédit Agricole Egypt has pursued its commitment and mobilization for its customers and community in light of the
challenging COVID-19 economic crisis, while maintaining the path of its operations with a vigilant approach and in
full alignment with the Central Bank of Egypt’s measures.

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