Crédit Agricole Egypt, Q3 2021 Financial Results
Good commercial momentum across all business lines and sharp increase in profitability
with Net Profit reaching EGP 1,167 million, up 13% YoY
Main Highlights
- Gross Loans portfolio reached EGP 30 billion, up 12% Year-to-Date
- Customer Deposits reached EGP 45 billion, up 10% Year-to-Date
- Strong liquidity position, Loans-to-Deposit Ratio of 66%
- quality of assets, Non-performing Loans ratio of 3.4%
- Resilient capital structure, Capital Adequacy ratio of 21.8%
- Net Profit recorded EGP 1,167 million, up 13% Year-on-Year
- Return on average Assets of 2.9% and Return on average Equity of 20.1%
Crédit Agricole Egypt: steady growth
- Within the current environment, Crédit Agricole Egypt maintains its solid performance through 9M21, generating a Net banking income of EGP 2,830million, up 4%YoY, and continues to support the economy, with a gross loan portfolio reaching EGP 30billion, up 12%YtD.
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