Credit Agricole Bank

Credit Agricole Bank supported its efficiency ranking with top positions in profitability indicators, ranking third with

Credit Agricole Bank supported its efficiency ranking with top positions in profitability indicators, ranking third with a return on average assets of 3.55% and seventh in the return on average equity index at around 25.81%.

The bank achieved a net profit of EGP 2.4bn, with an average equity of EGP 9.3bn and average assets of around EGP 67.7bn. Despite a high Loan-to-Deposit Ratio at 56.9%, ranking eighth, the bank maintains a high ratio of tier-1 capital adequacy at 16.4%. Risk-weighted assets represent 60.7% of total assets, with foreign currency assets accounting for only 25%. The bank also invests EGP 13bn in treasury bills and around EGP 13.5bn with the central bank.