Earnings Report /
Egypt

Credit Agricole Egypt: 2Q21 – Profits wiped out by lower non-interest income despite lower provisions

  • Non-interest income caps bottom-line growth while controlled OPEX and stable margins reflect positive performance

  • Margins remained stable at 6.2% despite the increase of the treasury investments to total assets

  • Loans grew by 7% q/q and 5% y/y, while deposits grew by 1% q/q and 8% y/y.

Dalia Bonna
Al Ahly Pharos Securities Brokerage
16 August 2021