Egypt

Crédit Agricole- Egypt

20th March 2016

1127

The logo of the "Credit Agricole" bank sign is seen on December 14, 2011 in Paris. French banking group Credit Agricole is to cut 2,350 jobs around the world, including 850 positions in France, mainly at its Cacib investment bank, the Force Ouvriere (FO) union said today. At Cacib, 1,750 jobs will be cut globally, including 550 in France, said FO's representative for the bank, Bernard Pechard. AFP PHOTO / LIONEL BONAVENTURE

Crédit Agricole’s usual general assembly will be held on March 30th to review distributing dividends of 1.96 pounds per share- for FY ending December 31, 2015.

The assembly will discuss approving financial statements and BOD’s report of the same period.

The bank said that total profits to be distributed are estimated at EGP 608.3m -namely 60 per cent of net profits in 2015. Crédit Agricole’s net profits reached EGP 1.037bn in 2015 -against EGP 675.7m in 2014. The bank’s stock recorded a level of 21 pounds, with trading volume of 344.2k shares for EGP 2.2m.