Crédit Agricole Egypt reported strong financial and commercial performance during the first nine months of 2026, with net profit rising 6% year-on-year to EGP 5.45 billion, while net banking income increased 11% to EGP 10.83 billion
The bank’s standalone financial results for the period ended September 30, 2026, were approved by its Board of Directors at a meeting held on Tuesday, October 27, 2026
Customer deposits grew 21% year-on-year to EGP 129.9 billion, while gross loans increased 20% to EGP 73.4 billion, reflecting continued growth across the bank’s corporate and retail banking businesses
Crédit Agricole Egypt Reports Growth in Banking Income
Net banking income reached EGP 10.83 billion in 9M 2026, supported by an 8% year-on-year increase in net interest income and a 92% rise in other operating income
The bank attributed the growth in other operating income to stronger foreign exchange gains, driven by increased client activity and favorable market conditions, which helped offset competitive pricing pressures on deposits
Gross operating income increased 9% year-on-year to EGP 7.8 billion. Meanwhile, operating expenses rose 17% as the bank continued to invest in operational expansion, technology development and initiatives to address inflationary pressures
As a result, the cost-to-income ratio reached 27.7%, compared with 26.4% in the same period of 2025
Net profit increased 2% quarter-on-quarter in the third quarter of 2026, supported by higher fees and commission income and a lower cost of risk compared with the previous quarter
On a quarterly basis, net banking income and gross operating income each declined 1%. Net interest income fell 2%, while other operating income decreased 9%. Fees and commissions, however, increased 15%, while operating expenses declined 1%
Loans and Deposits Expand Across Business Segments
Crédit Agricole Egypt’s gross loan portfolio, including loans to banks, increased 20% year-on-year and 1% quarter-on-quarter to EGP 73.4 billion at the end of September 2026
Customer deposits rose 21% year-on-year and 3% quarter-on-quarter to EGP 129.9 billion, bringing the loan-to-deposit ratio to 56.6%
Corporate banking delivered solid growth, with loans increasing by EGP 10.9 billion, or 25% year-on-year. Corporate deposits rose by EGP 12.8 billion, representing 19% growth, despite strong competition in the market
The retail banking segment also recorded positive performance. Retail loans increased by EGP 1.4 billion, up 8% year-on-year, while retail deposits grew by EGP 10.1 billion, an increase of 26%
The bank attributed retail growth to marketing campaigns, offers marking its 20th anniversary, new competitive products and enhancements to digital self-service features
The overall active customer base expanded 2% year-on-year, with stronger growth among premium customers, supported by improvements to the banki application, payroll partnerships and savings products designed to meet customers’ everyday needs
Asset Quality and Risk Management
Crédit Agricole Egypt reported a non-performing loan ratio of 2.1% at the end of September 2026, reflecting the bank’s asset quality and risk management practices
The cost of risk increased to EGP 548 million in 9M 2026, compared with EGP 312 million in the same period of 2025. The bank attributed the increase to loan portfolio growth and the normalization of retail banking risk levels
The bank said it continues to maintain prudent risk management practices and strong capital and cash reserves to support organic growth and address market challenges.
Crédit Agricole Egypt Processes More Than 8 Million Digital Transactions in Q3
Crédit Agricole Egypt continued to expand its digital banking services, processing more than 8 million digital transactions during the third quarter of 2026, representing a 60% year-on-year increase
Around 99% of domestic transfers were conducted digitally, while outgoing instant payments exceeded 52 million transactions since May 2023
The bank also recorded more than 2,300 certificates of deposit booked entirely online and received over 26,000 online applications for banking products, including loans and cards, since the launch of the service in the first quarter of 2026
Instant transfers through the mobile application nearly doubled following their launch in Q1 2026
Among corporate and small and medium-sized enterprise customers, 48% were active on the bank’s digital platform. Digital transactions through the platform increased 14% year-on-year, while online government payment transactions rose 46% in Q3 2026 compared with the same quarter of the previous year
The bank’s payment acceptance platform, banki Commerce, processed more than 189,000 e-commerce transactions since its launch, supporting the expansion of digital payment acceptance and Egypt’s transition toward a less-cash economy
Crédit Agricole Egypt Receives Top Employer Certification
Crédit Agricole Egypt received the Top Employer certification for the second consecutive year from the Top Employers Institute
The certification recognizes the bank’s human resources practices and policies across people strategy, talent acquisition, learning, diversity, equity and inclusion, well-being, and the work environment
Bank Supports Medical Services for Children in Care Homes
As part of its sustainability and corporate social responsibility initiatives, the Crédit Agricole Egypt Foundation, in partnership with the Ibrahim Badran Foundation, opened three medical hubs and clinics in Cairo, Giza and Beheira
The facilities provide periodic medical check-ups and medical interventions for orphaned children living in nearby care homes, supporting access to healthcare for vulnerable children
التعليقات