Cairo – Mubasher: The financial indicators of Credit Agricole – Egypt has shown a 28.85% year-on-year rise in consolidated profits for the first quarter of 2018, recording a net profit of EGP 601.47 million from EGP 467.12 million.

Revenues from interests increased to EGP 1.3 billion in the three-month period ended March 2018, versus EGP 1.08 billion in Q1-17, the bank said in a filing to the Egyptian Exchange (EGX).

Meanwhile, standalone profits grew to EGP 605.7 million in Q1-18, from EGP 475 million in the corresponding period of 2017.

The bank had previously posted a net profit of EGP 1.95 billion for the full-year 2017, compared to EGP 1.35 billion in profits for 2016.

Credit Agricole’s capital amounts to EGP 1.24 billion distributed over 310.9 million shares at a par value of EGP 4 per share.