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Credit Agricole Egypt (CAE)
Created in 2006 via successive mergers: Indosuez, CCF, Crédit Lyonnais, and Egyptian American Bank.
In August 2015, CA Egypt joined the EGX 30 – the Cairo Stock Exchange index: the only French bank operating in Egypt, it is also part of the EGX / ESG S&P sustainability index.
Historically dedicated to the Corporate market, CA Egypt became a universal bank, with 50% of its net banking income generated on retail market.
Development of strong synergies to serve Crédit Agricole Group customers, notably with CACIB.
A solid bank with strong financial fundamentals that enabled the bank to face two crises (in 2011 and 2013) and a devaluation of about 50% of the local currency in 2016, maintaining a high level of profitability (RONE > 40%).
Egypt: 94 million inhabitants
Total assets: 2.8 bn€
- One of the 2 banks of the EGX 30 Index – Cairo Stock Exchange
- Arab Digital Bank Excellence Award for “Banki Mobile (Union of Arab Banks – March 2019)
- Best private bank in Egypt (Global Business 2019)
- Target of 75% of eco-responsible branches equipped with solar panels
Moody’s : B3
S&P : B
Fitch : AA+ / stable
Source: BPI/FIN - Data at 31/12/2019
MTP 2022 Strategic ambition : be the European bank of reference in Egypt
- Develop business activities through a systematic approach to digitalization and promoting customer-centric innovation;
- Accelerate on customer acquisition;
- Reinforce the bank differentiated positioning on the corporate market and be the leading partner of MNCs and local GEs through the strengthening of expertise and customer satisfaction (e.g. structured finance);
- Develop new activities in synergy with the Group (Leasing - CAL&F, Wealth Management - Indosuez and Insurance - CAA) to take advantage of market growth dynamics.
- Company name: Crédit Agricole Egypt S.A.E.
- Shareholder at 01/04/2018 (Source Orion database):
- 60.5% : Groupe Crédit Agricole S.A. (dont 47,4% Crédit Agricole SA et 13,1% CACIB)
- 6,8% : Rolaco EGP for Investment owned by Ali Ben Hassan Ben Ali Daykh
- 32,7% : free Float
- Crédit Agricole Egypt’s organizational chart (July 2020)
Crédit Agricole Egypt Management
- Pierre Finas, Managing Director
- Stanislas Ribes - Head of BPI Supervision and Control
- Emmanuel Arribat - Supervision Head - Egypt
Key economic indicators
Population (in millions)
Population growth rate
Nominal GDP (in USD billions)
Real GDP growth, annual (%)
Nominal GDP growth (%)
GDP per inhabitant, current USD
National saving rate
Household savings rate
Budget deficit/GDP (%)
source : FMI, ECO / Crédit Agricole S.A (Data at end 2019)