Crédit Agricole Egypt’s Consolidated Profit Hit EGP 470.9 Mln In 2012

Crédit Agricole Egypt achieved consolidated profit of EGP 470.973 million at the end of 2012, compared with EGP 306.630 million at the end of 2011. The bank’s stand-alone profit reached EGP 472.313 million at the end of 2012, compared with EGP 308.04 million at the end of 2011, registering a growth rate of 53.3%.

The bank’s separated financial statements showed that the deposit portfolio reached EGP 22.76 billion at the end of 2012, compared with EGP 20.3 billion at the end of 2011.

The bank’s loan portfolio rose 12.7% to reach EGP 12.787 billion at the end of 2012, compared with EGP 11.348 billion at the end of 2011.