Crédit Agricole Egypt's profits rise YoY

The bank posted standalone net profits with a 7.3% increase

  

ArabFinance: Crédit Agricole Egypt(CIEB) posted consolidated profits of EGP 2.359 billion for the financial period ended Dec. 31, increased from EGP 2.201 billion for the same period last year, with a 7.2% increase.

The bank posted standalone net profits of EGP 2.360 billion, compared to profits of EGP 2.199 billion a year earlier, with a 7.3% increase, according to the Board of Directors' resolutions that sent to Egyptian exchange.

It is worth mentioning the BoD convened on Feb. 11 to approve the financial results for FY 2019.

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