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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 - 2021

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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