Crédit Agricole Egypt, 9M 2022 Standalone Financial Results – Press Release
The Board of Directors of Credit Agricole Egypt approved the Bank’s results for the 9 Months ended September 30, 2022, at its meeting on Thursday, November 10, 2022.
Main Highlights
- Gross Loans reached EGP 35 billion, up 16% Year-on-Year / 13% Year-to-Date
- Customer Deposits reached EGP 54 billion, up 19% Year-on-Year / 11% Year-to-Date
- Loans-to-Deposit Ratio of 65%
- CASA[1] to Total Deposits reached 57.7% up by 280 bps Year-on-Year/300 bps Year-to-Date
- Good quality of assets, Non-performing Loans ratio of 2.92%
- Resilient capital structure, Capital Adequacy ratio of 19.86%
- Net Profit recorded EGP 1,604 million, up 37% Year-on-Year
- Return on Average Assets of 3.4% and Return on Average Equity of 24.3%
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