Credit Agricole records profits of LE 1.3B during 1st half of 2019

CAIRO – 7 August 2019: Credit Agricole Egypt recorded consolidated profits of LE 1.3B during the first half of 2019, compared to LE 1.09 billion during the same half of 2018, marking an increase of 19.5 percent.

The bank’s financial indicators revealed that the interest hiked to LE 1.5 billion during the first six months of 2019, up from LE 1.4 billion during the compared months of 2018.

During the second quarter of 2019, the bank recorded consolidated profits of LE 610.5 million, compared to LE 489.5 million during the same quarter of 2018.

As per standalone profits, Credit Agricole reached profits of LE 1.31 billion in January-June period of 2019, compared to LE 1.09 billion during the same period of 2018.

Credit Agricole - Egypt operates within the banking sector. It has subsidiaries operating across Egypt, working on commercial & professional services and thrifts & mortgage finance.