Credit Agricole’s loans to deposit ratio increased to 54.1% by March 2023end
First Bank
The financial statements of credit Agricole -Egypt, ending on March 31 of the current year, revealed an increase in loans to deposits ratio, recording 54.09% by the end of March 2024, compared to 50.73% by the end of December 2023.
The bank increased credit issuance to its customers by approximately EGP2.93bn during the first quarter of the current year, Total loans and facilitation for customers reaching EGP 45.64 bn by the end of March 2024, compared to EGP 42.71 bn by the end of December 2023.
The bank experienced development in its key indicators, deposit portfolio growing at a rate of 0.23%, totaling EGP 84.37 bn by the end of March 2023, compared to EGP 84.18 bn by the end of December 2023.
credit Agricole Bank’s net profits surged by 87.63%, with an increase of EGP 1.07 bn, registering EGP 2.29 bn during Q1- 2024, compared to EGP 1.22 bn during the same period of 2023.
