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Orleans, France - March 19, 2017: Credit Agricole agency. Credit Agricole is a French network of cooperative and mutual banks comprising the 39 Credit Agricole Regional Banks. Image used for illustrative purpose. Getty Images
Credit Agricole Egypt posted consolidated net income after tax valued at EGP 8.03 billion in 2024, higher by 55.43% year-on-year (YoY) than EGP 5.16 billion, according to the unaudited financial results.
Interest income jumped by 50.16% to EGP 17.94 billion as of December 31st, 2024, from EGP 11.95 billion in 2023.
The bank recorded deposits amounting to EGP 95.48 billion in 2024, an annual jump of 13.44% from EGP 84.17 billion.
As for the standalone results, the net income after tax hiked by 55.59% YoY to EGP 8 billion in the January-December period of 2024, versus EGP 5.14 billion.
Non-consolidated earnings per share (EPS) enlarged by 55.71% YoY to EGP 5.70 in 2024 from EGP 3.66, while the interest income widened by 50.18% to EGP 17.87 billion from EGP 11.90 billion.
In the first nine months of 2024, the bank’s net profits after tax and minority interest hiked by 59.7% to EGP 6.086 billion from EGP 3.812 billion a year earlier.
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