Crédit Agricole Egypt: Standalone Financial Results for period ending September 30, 2025

Cairo, 29 October 2025:

The Board of Directors of «Crédit Agricole Egypt» approved the Bank’s results for the period ending September 30, 2025, at its meeting held on Tuesday, October 28, 2025.

Main Highlights

Net Profit at EGP 5,131 million, down -15% Year-on-Year (Exceptional FX income* in 1Q24);
Customer Deposits reached EGP 107.1 billion, up 27% Year-on-Year;
Gross Loans reached EGP 61 billion, up 18% Year-on-Year;
Loans-to-Deposit Ratio at 56.9%, down 5% Year-on-Year;
Current and Saving Accounts to Total Deposits reached 56.5%, down 1% Year-on-Year;
Non-Performing Loans ratio at 2.4% and Coverage Ratio at 172.1%;
Resilient Capital Structure, Capital Adequacy Ratio of 20.2%;
Return on Average Assets (ROAA) at 5.2% down 2.1% Year-on-Year and Return on Average Equity (ROE) at 31.7% down 16% Year-on-Year;
Cost Income Ratio at 27% Up by 8% Year-on-Year indicating regularization trend;

CAE benefitted from an exceptional volume of FX transactions in 1Q24 post devaluation due to clearance of import payments backlog which generated exceptional FX income impacting positively Net Profit, ROAA, ROE in 9M24.

Economic Dynamics

The outlook for global economy has shown signs of recovery supported by slowing inflation in major markets, with central banks in some advanced and emerging market economies continuing to gradually cut their policy rates with a cautious approach to ensure the inflation stays on track on the back of diverse & persistent geopolitical tensions and anticipated disruptions to global trade triggered by the US led tariff evolutions.

Domestically, Egypt is progressing well on the path of recovery in economic activity in 9M25 (Near 4.5% real GDP growth) and disinflation supported by base year effect maintaining its anticipated trajectory leading to real interest rates in the market. This facilitated the Central Bank of Egypt (CBE) to continue the interest rates reversal cycle with a 525 bps cut in 9M. Business confidence remained elevated driven by stable and liquid FX market, normalization of import and trade activities along with support from IMF and strategic growth partners (EU and GCC).

Strong Business Growth

Crédit Agricole Egypt achieved very good growth in business as of 9M25.
There was good commercial growth from all business lines with the bank’s gross loan portfolio increasing by 18% YoY to reach EGP 61 billion, while customer deposits increasing by 27% YoY to reach EGP 107.1 billion. However, «Crédit Agricole Egypt» (CAE) achieved -6% YoY decrease in Net Banking Income at EGP 9.7 billion due to exceptional FX income post devaluation in Mar-24 (excluding the exceptional FX income, NBI would have decreased by -1% despite a reversing interest rate trend).

Corporate and Retail

Corporate banking continues to deliver good performance in 9M25 driven by increase in lending portfolio by EGP 5.2 billion (13% YoY) while maintaining high asset quality and deposits portfolio increasing robustly by EGP 15.9 billion (30% YoY).
Retail banking demonstrated strong portfolio growth in 9M25 with loans increasing by 28% and Deposits by 23% YoY. This performance was driven by successful marketing campaigns, introduction of new products, and active client acquisitions, despite the competitive (CDs) market.

Profitability Performance

Net Banking Income (NBI) recorded anticipated decline in 9M25, decreasing by -6% YoY to reach EGP 9,729 million. This decline was driven by a -55% YoY decrease in other operating income (Exceptional FX income post EGP devaluation in March 2024).
Operating expenses increased with 32% YoY driven by inflation effect on compensation, IT related payments and marketing activities.
As a result, the net profit has decreased by -15% YoY mainly driven by high exceptional FX income in 1Q24.

Assets and Liquidity

CAE’s NPL ratio at 2.4% in 3Q25, continuing to rank among the best within the banking sector.
Moreover, the bank’s robust liquidity and capital positions, comfortably exceeding regulatory requirements, ensuring its resilience against potential market shocks as well as supporting organic growth.

Digital Journey

Credit Agricole launched a transformed version of its banki Mobile app with extensive focus on UX and optimized customer journey.
In 3Q25, «Crédit Agricole Egypt» (CAE) reaffirmed its leadership in digital banking with continued growth in customer adoption and engagement, processing over 5Mn digital transactions (+49% vs.3Q24).

Sustainability & CSR

CAE Foundation unveiled its new brand logo with four main pillars: Education, Health, Social Entrepreneurship and Environment & Community Development.
Since its creation in 2017, the projects have benefited over 125,000 people with donation in excess of 140 million Egyptian pounds.

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