Credit Agricole Egypt records profits of LE 1.03B during 1st 9 months of 2020

CAIRO – 12 November 2020: Credit Agricole Egypt recorded a decrease in its consolidated profits during the first nine months of 2020 by 44.3 percent, reaching LE 1.03 billion, compared to LE 1.86 billion, including minority rights, in the same months of 2019. 

According to the bank’s financial results, net interest income declined to LE 2.15 billion in the period of 2020, compared to LE 2.36 billion in compared period of 2019.

As per standalone results, the bank recorded profits of LE 1.03 million, compared to profits of LE 1.86million in the nine months of 2019. 

During the first half of 2020, the company recorded profits of LE 701.01 million, compared to LE 1.304 billion, including minority rights, in the same months of 2019.

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