CAIRO: Calyon Bank Egypt, which is 75 percent owned by French investment bank Calyon, made a net profit of LE 60.5 million ($10.6 million) in 2005, 63 percent up on 2004, the stock exchange said on Tuesday. Calyon is a subsidiary of Credit Agricole. Calyon Egypt s net profit in 2004 was LE 37.1 million. The second largest shareholder in Calyon Egypt is El Mansour & El Maghraby Development and Investment Co, with 22 percent, according to Calyon Bank Egypt s Web site. The Egyptian bank is the result of a merger between Credit Agricole Indosuez (Egypt) and the Egyptian branch of Credit Lyonnais. Reuters
Calyon Egypt 2005 net profit rises 63 percent
