Crédit Agricole Egypt: Net Profit after Tax Falls 11.6% in Nine Months

By Yomna Yasser On Nov 2, 2014

Crédit Agricole Egypt’s board ratified Sunday the indicators of business results for the past nine months ended on last September 30, revealing a 11.6% fall in net profit after tax to EGP 457.2 million (US$63.8 million).

This comes in comparison to consolidated net profit after tax worth EGP 516.9 million posted by the bank during the first nine months of 2013.

Meanwhile, the bank registered a standalone net profit after tax amounting to EGP 465.1 million by end of September 2014, 12.4% down from EGP 531 million for the same comparable period a year earlier.