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Press Release Q4 – 2019

Credit Agricole Egypt announces a Net Income of EGP 2.3 Billion at the end of 2019



Highlights on 2019 results:

  • Growth of Net Income over 2018 by 7.3% reaching EGP2,361 million
  • Continuous improvement of efficiency with a Cost to Income Ratio of 29.1 %
  • Return on Assets of 4.7%
  • Return on Equity of 48.7%
  • Strong Capital Adequacy Ratio at 18.25%
  • Loans portfolio reached EGP 24.4 billion
  • Ongoing good quality of assets (NPL at 2.94%)
  • Deposits portfolio reached EGP 39.6 billion
  • Loans to Deposit ratio recorded 61.6%


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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