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Credit Agricole – Egypt profits climb 53.5% in 2015

Credit Agricole – Egypt profits climb 53.5% in 2015
Photo Credit: Arabianeye - Reuters
Credit Agricole
CIEB
-3.78% 21.14 -0.83

Cairo – Mubasher: Credit Agricole – Egypt saw registered an increase of 53.5% y-o-y in net profits for 2015, as it reached EGP 1.037 billion.

The lender reported net profits of EGP 675.7 million for the previous year.

Meanwhile, the lender posted net profits of EGP 289.1 million for the fourth quarter of 2015.

 Credit Agricole – Egypt reported net interest income of EGP 2.7 billion in 2015, up from EGP 2.3 billion in the preceding year.

The lender said earlier, its profits advanced 64% for the first nine months of 2015.