Credit Agricole Egypt announces a Net Income of EGP 2.3 Billion at the end of 2019
Highlights on 2019 results:
During 2019, the Bank has pursued its sustainable growth and recorded a global satisfactory performance. Those results were attained through the development of the Bank’s Retail Banking franchise and the expansion of SMEs and Corporate portfolios, focusing on financing investments of Large and Multinational Corporate benefiting especially from strong synergies with Crédit Agricole Group. In 2019, CAE marked again a good level of profitability driven by better margins and volumes in local currency client activities, with contributions of all business lines leading to a superior level of return on equity as well as on assets.
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