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Credit Agricole Records EGP 1.6 Billion in Profits

Credit Agricole Egypt (CIEB) recorded a net profit of EGP 1.6 billion in 2021, up 17.4% YoY.

The bank’s revenues increased to record EGP 5.2 billion, compared to EGP 5.17 billion in 2020.

The EGX approved increasing the capital of CIEB to EGP 5 billion through distributing bonus shares.