Credit Agricole Egypt says H1 net drops 30 pct

DNE
DNE
1 Min Read

CAIRO: Credit Agricole Egypt net profit for the first six months fell 30 percent from a year earlier, the bank said on Sunday.

Egyptian banks were hurt by the uprising that toppled President Hosni Mubarak earlier this year, when political turmoil and worker strikes prompted the central bank to close banks for nearly two weeks.

Credit Agricole Egypt, owned 60 percent by France’s Credit Agricole , said net profit dropped to LE 140.7 million from 201.6 million pounds in the first half of 2010, it said.

 

 

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