Credit Agricole Egypt renews partnership deal with Visa

The bank extended its 17-year cooperation with Visa

Crédit Agricole bank logo in Paris, France, March 8, 2016.

Crédit Agricole bank logo in Paris, France, March 8, 2016.

REUTERS/Philippe Wojazer
Cairo - Credit Agricole Egypt signed a new five-year partnership agreement with Visa, extending their cooperation in providing card payment solutions.

Crédit Agricole Egypt was represented by the Managing Director, Jean-Pierre Trinelle, and Deputy Managing Director, Walie El-Din Lotfy, while Visa was represented by, Ahmed Gaber, Visa’s General Manager for North Africa, and Malak El Baba, Visa’s Country Manager for Visa Egypt, according to a statement on Sunday.

The bank's Managing Director, Jean-Pierre Trinelle, commented: “We are proudly extending our 17-year cooperation with Visa to open up new horizons in cards payment services and thus further meet our clients’ needs and expectations."

For her part, Malak El Baba, Visa’s Country Manager for Egypt, noted that the renewed cooperation will enable them to continue offering more innovative digital payments solutions to the bank’s cardholders.

During the first quarter (Q1) of 2021, the bank logged net profits of EGP 378.52 million, down from EGP 439.96 million in Q1-20.

The net interest income retreated to EGP 1.25 billion in the January-March period, compared to EGP 1.36 billion in the year-ago period.

Source: Mubasher

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