Egyptian banking sector is strong, capable of achieving Egypt’s leadership in sustainable development in Middle East, Africa
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CAE one of leading banks in group’s 50-country operations, says Brassac
The value of personal financing at Credit Agricole – Egypt increased to EGP 6.165bn at the end of 2017 compared to EGP 5.393bn in 2016, an increase of EGP 772m. According to a statement by the bank, personal loans accounted for 84.2% of the bank’s total loans, reaching EGP 5.193bn at the end of 2017 …
Bank will continue to support major investment projects in Egypt, in partnership with other entities of Crédit Agricole Group, says Finas.
François Edouard Drion, chairperson and managing director of Crédit Agricole Egypt, said that the bank collected $1bn of hard cash since the flotation.
Gradual increase in financing imports and exports, thanks to currency availability following flotation
The bank does not intend to reconsider its interest rates on investment vessels
The bank noted that if a client uses different cards, the spending limit will not be the total spending limit of all cards, but of that with the highest spending limit
The bank expects to connect 3,000 homes to potable water systems during 2016
39 companies recorded EGP 570m in total losses in H1 of 2015
Bank’s net profits jump 55.7% in H1 compared to same period in preceding year
Amount of loans in Q4 2014 valued at EGP 13.2bn
The head of the Credit Agricole Treasury said that the bank will cover any government proposals for international bonds in a commentary on the government’s intention to put up bonds worth $750m in the near future.
UK based bank has made previous attempts to enter Egyptian market by way of purchasing local banks