Credit Agricole Egypt’s 2021 consolidated income rise 17.3%
Updated 2/3/2022 10:14:58 AM
ArabFinance: Credit Agricole Egypt (CIEB) reported a 17.35% year-on-year (YoY) increase in consolidated net income after tax for the year ended December 31st 2021, according to the bank’s unaudited financial indicators filed to the Egyptian Exchange (EGX).
The bank’s consolidated net income after tax amounted to EGP 1.609 billion in 2021, compared to a profit of EGP 1.37 billion in 2020.
Consolidated interest income inched up by 0.69% YoY in 2021 to reach EGP 5.205 billion from EGP 5.17 billion.
Meanwhile, the bank’s standalone net income after tax recorded EGP 1.59 billion in 2021, rising by 16.62% from EGP 1.36 billion in 2020.
Standalone earning per share (EPS) stood at EGP 1.16 at the end of December 31st 2021, versus EPS of 0.99 in the same period of 2020.
Launched in 1996 and listed on the EGX in 2006, Crédit Agricole has subsidiaries operating across Egypt, working on commercial and professional services, in addition to thrifts and mortgage finance.
