Credit Agricole Egypt recorded a 29.86% year-on-year (YoY) increase in the consolidated net profits to EGP 491.54 million in the January-March period of 2022 from EGP 378.52 million, according to the bank’s initial financials.
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The bank’s interest income rose to EGP 1.36 billion in the first three months (3M) of 2022 from EGP 1.25 billion in the year-ago period.
As for the standalone businesses, the bank’s net profits hiked by 30.49% YoY to EGP 486.38 million in Q1-22 from EGP 372.73 million.
