ICEC

Credit Agricole: loan to deposit rate recorded 55.9% by the end of 2011

Credit Agricole’s loan to deposit rate recorded 55.9% by the end of December 2011. Credit Agricole’s unaudited results revealed a 6.4% increase in loan portfolio, reaching EGP 11.34 billion, compared with EGP 10.66 billion in the end of December 2011, while deposit portfolio retreated 3.7% in the same period, reaching EGP 20.30 billion, compared with EGP 21.08 billion.

Credit Agricole’s post-tax net profits declined by 30.8% in value to EGP 136.8 million, reaching EGP 308.04 million by the end of December 2011, compared with EGP 444.88 million by the end of December 2010.

The total bank’s results recorded a 31.3% net profit retreat, reaching EGP 306.6 million, compared with EGP 446.5 million.

Amwal Alghad

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