Cairo – Mubasher: Credit Agricole - Egypt clarified news reports about the sale of a stake in Banque Saudi Fransi (BSF).

The lender said Credit Agricole France is the one that conducted the sale transaction not its unit in Egypt, according to a bourse disclosure on Tuesday.

During the first six months of 2020, Credit Agricole - Egypt logged net profits of EGP 701.01 million, down from EGP 1.304 billion in the year-ago period.