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Egypt's Credit Agricole H1 net rises 3.3 pct - Daily News Egypt

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Egypt’s Credit Agricole H1 net rises 3.3 pct

CAIRO: Credit Agricole Egypt’s first half net profit rose 3.3 percent to LE 202.8 million ($35.58 million), the bank said on Sunday. Loans to customers climbed to LE 10.1 billion by June 30 versus LE 8.2 billion at the end of 2009, while total assets rose to LE 23.6 billion from LE 22.8 billion. Credit …


CAIRO: Credit Agricole Egypt’s first half net profit rose 3.3 percent to LE 202.8 million ($35.58 million), the bank said on Sunday.

Loans to customers climbed to LE 10.1 billion by June 30 versus LE 8.2 billion at the end of 2009, while total assets rose to LE 23.6 billion from LE 22.8 billion.

Credit Agricole Egypt made the announcement in the daily newspaper Al-Alam Al-Youm.

The bank, 60 percent owned by France’s Credit Agricole, reported first-quarter net profit of LE 108.0 million in May.

Egypt’s economy was relatively unscathed by the global economic crisis that began in mid-2008 and achieved growth of at least 4 percent during the crisis, though down from 6-7 percent before the crisis.

 

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https://dailyfeed.dailynewsegypt.com/2010/08/15/egypts-credit-agricole-h1-net-rises-33-pct/
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