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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 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.

 

To consult the full release, please click here

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