Credit Agricole Egypt stock gets fresh earnings update
Published on 11/09/2026 at 00:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSCredit Agricole Egypt reports stronger nine-month results
- Net banking income rose 11 percent year-on-year in the first nine months of 2026.
- Gross loans increased 20 percent, while customer deposits grew 21 percent.
- Higher operating expenses and cost of risk remained key factors for investors to monitor.
Credit Agricole Egypt approved its results for the period ended September 30, 2026, at a board meeting on Tuesday, October 27. The results, published by ZAWYA on October 28, show standalone net profit of EGP 5.45 billion, up 6 percent from the same period a year earlier.
Revenue growth meets higher costs
Net banking income reached EGP 10.828 billion, an 11 percent year-on-year increase. Net interest income rose 8 percent, while other operating income increased 92 percent, supported by foreign-exchange gains from higher client activity.
Operating expenses increased 17 percent as the bank invested in operational capacity and technology. The cost-to-income ratio rose to 27.7 percent from 26.4 percent. Cost of risk also increased to EGP 548 million from EGP 312 million in the prior-year period.
Loans and deposits expand
Gross loans rose 20 percent year-on-year to EGP 73.4 billion, while customer deposits increased 21 percent to EGP 129.9 billion. Corporate loans grew 25 percent, and retail loans rose 8 percent, according to the release. The bank reported a non-performing-loan ratio of 2.1 percent at the end of the period.
Digital activity was another operating focus. The bank said it processed more than 8 million digital transactions in the third quarter, up 60 percent year-on-year, while 99 percent of domestic transfers were completed digitally.
Credit Agricole Egypt's banking model
Credit Agricole Egypt provides banking products and financial services in Egypt through corporate and retail banking activities. Its business also includes mortgage and leasing services through Credit Agricole Egypt Financial Solutions. The bank is listed on the Egyptian Stock Exchange and combines branch-based services with digital banking tools.
Credit Agricole Egypt at a glance
- Company: Credit Agricole Egypt
- ISIN: EGS60041C018
- Reporting period: January 1 to September 30, 2026
- Standalone net profit: EGP 5.45 billion, up 6 percent year-on-year
- Net banking income: EGP 10.828 billion, up 11 percent year-on-year
- Gross loans: EGP 73.4 billion, up 20 percent year-on-year
- Customer deposits: EGP 129.9 billion, up 21 percent year-on-year
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