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Crédit Agricole en Egypte

Formed in 2006 via successive mergers - Indosuez, CCF, Crédit Lyonnais and Egyptian American Bank – today, Crédit Agricole Egypt is the only French bank operating in Egypt.

 

Siège de Crédit Agricole Egypte

  • Credit Agricole Egypt (CAE)

    Established in 2006, Crédit Agricole Egypt has become an active player in Egypt’s financial industry, offering a wide range of innovative and convenient products to customers across the entire spectrum: Corporate, SMEs and individuals.

     

    In 7 years, CA Egypt has become a universal bank, with 40% of its net banking income derived from retail customers. The bank develops strong synergy in the Corporate segment with CACIB and other Group entities.

     

    CA Egypt is recognized in the country for the quality of its customer service and its state of the art digital services - for which the bank ranks among the top 3 in terms of the CRI index - and has solid sustainable growth and a high level of profitability.

  • Key figures

     Egypt: 94 million inhabitants

     

     

     

     

     

    385,190 customers
    78 branches
    2,385 employees

     
    Total assets: 2.6 bn€
    Credit market share: 1.28%
    Deposits market share: 1.23%

    carte-egypte

     

     Source: BPI/FIN - Data at 31/12/2018

  • Strategic approach

    Crédit Agricole Egypt launched its Impact 2020 strategy, which aims at becoming a leading, innovation-driven, sustainable bank in Egypt.

     

    Capitalizing on the bank’s strengths and fully aligned with group strategy and values, Impact 2020 stands on 3 pillars:

     

    • Ensure business growth thanks to innovation, stronger customer focus and increased synergies with the Group;
    • Leverage on innovation to improve efficiency and fully integrate all the dimensions of Sustainability across the different activities;
    • Capitalize on innovation to develop the bank’s Human Capital and actively support the community.

     

  • Governance

    Organisation

     

    Crédit Agricole Egypt Management

    • Pierre Finas, Managing Director

     
    BPI Supervision

    • Stanislas Ribes - Head of BPI Supervision and Control
    • Emmanuel Arriba - Supervision Head - Egypt

     

     

  • Key economic indicators

    Data

    France

    Egypt

    Currency

    EUR

    EGP

    Population (in millions)

    67.18

    94.00

    Population growth rate

    0.3

    2.4

    Nominal GDP (in USD billions)

    2.930

    208

    Real GDP growth, annual

    2.0

    4.0

    Nominal GDP growth

    2.8

    32

    GDP per inhabitant, current USD

    42,420

    2,213

    Inflation rate

    1.2

    28.0

    Unemployment

    9.1

    11.3

    Household savings rate

    14.3

    nd

    Budget deficit/GDP

    -2.9

    10.9

    source : ECO / Crédit Agricole S.A (Data at end 2017)

     

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