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PRESS RELEASE – Q4

Crédit Agricole Egypt sees net profit rise to EGP 2.2 Billion at end of 2018, up 12.4% from 2017

The bank has maintained a solid sustainable growth in 2018, stemming from the quality of service provided to its clients based on innovation.

A successful and dynamic year with a strong performance across the bank

Cairo – February 14th, 2019 – Crédit Agricole Egypt has announced the financial results of the year that ended in December 2018, showing the bank’s increased profitability and important growth rates.

Crédit Agricole Egypt has reported a net profit of EGP 2.2 Billion at the end of 2018, up by 12.4% year-on-year.

Crédit Agricole Egypt’s return on equity has reached 55% in 2018. Earnings per share went up 12.36% to EGP 6.4 in 2018 compared with EGP 5.7 in 2017, translating the Bank’s financial solidity.

 

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