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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

Confirming its sustainable growth, Credit Agricole Egypt reports
a Net Income of EGP 1,675.2 million for the 9 months of 2018

 

 

HIGHLIGHTS ON SEPTEMBER 2018 RESULTS:

  • Net profit for the 2018 nine months recorded EGP 1,675.2 million, up by +11.4% over the same period of last year.
  • Net profit for the third quarter of 2018 recorded LE 581.7 million, up by + 19.3% compared to the second quarter of 2018. 
  • Customers’ loan portfolio grew by +17.1% to reach LE 21 billion compared to the end of 2017.
  • Customers’ deposits increased by +17.3% to reach EGP 43.5 billion compared to the end of 2017.
  • Strong capital adequacy ratio of 20.64%.

 

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