Crédit Agricole in Egypte

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 major political crises (in 2011 and 2013) and a devaluation of the local currency in November 2016 and March 2024, maintaining a high level of profitability (RONE > 40%).

2023 saw the continuation of significant development in customers’ digital use, expansion of the offering to corporates (e-commerce and regulatory payments) and the continued development on SME and individual customer segments.

 Highlights - Prizes and Awards

• Acquisition by Crédit Agricole S.A. of a 4.8% stake in Crédit Agricole Egypt, taking the Group’s stake to 65.25%.
• Number 18 in the Forbes Middle East ranking of the “50 most powerful companies in Egypt in 2022”.
• “Best Performing Egyptian Bank 2022” – International Business Magazine and “Most Innovative Retail Banking App Egypt 2022” – Global Banking and Finance Review.
• Egypt’s best banking app – Global Banking and Finance.
• Facial recognition on the Bankimobile app.
• Launch of a personalised bank account for people with disabilities.
• Opening of three new branches based on the Banki Store concept (branches located in the heart of urban areas with innovative services and dedicated solutions).

Ratings

Fitch : BB- stable
(Ratings as of Q1 2021)

 Source: BPI/FIN - Data at 12/31/2020

Development of our universal banking model

• Strengthen services for businesses and individual customers
• Building on the Group's core businesses and relationship excellence
• Consolidation of our position as a "European bank in Egypt

source : Insee FMI, ECO (Data at end 2020)