Credit Agricole Egypt Tops The Listed Banks In Terms Of Return On Assets, At 2022
Credit Agricole-Egypt managed topped FirstBank list of most efficient listed banks in investing its assets ( return on average assets-ROA) during the past year, with ROA of 3.58%.
The bank was able to achieve strong profits during 2022, as its net profit jumped by 51.91%, to record EGP2.42 bn in 2022, compared to EGP 1.59 bn in 2021, an increase of EGP826.66 mn.
Net profits from large corporates jumped by 200.04%, to record EGP 1.07 bn in 2022, compared to EGP357.51 mn in 2021, an increase EGP715.17 mn.
Its net profits from MSEs increased to EGP253.9 mn in 2022, compared to EGP148.01 mn in 2021, achieving a growth rate of 71.54%, and an increase of EGP 105.9 mn.
Net profits from individuals jumped by 27.10%, to reach EGP645.66 mn in 2022, compared to EGP508 mn in 2021, an increase of EGP137.65 mn.
While its net profits from assets and liabilities declined to EGP 393.09 mn in 2022, compared to EGP 511.1 mn in 2021, by 23.09%, annually .
