The Board of Directors of Credit Agricole Egypt approved the results for the period ended September 30, 2026, in its meeting held on Tuesday, October 27, 2026.
Main Highlights (Year-on-Year - YoY)
Net Profit at EGP 5,450 million, +6% Year-on-Year
Net Banking Income at 10,828 million, +11% Year-on-Year
Customer Deposits reached EGP 129.9 billion, +21% Year-on-Year
Gross Loans reached EGP 73.4 billion, +20% Year-on-Year
Economic Dynamics:
Globally, economic activity has moderated in 3Q26, driven by escalating and broadening geopolitical volatility, elevated inflation especially in energy & food and supply chain disruptions. Economic growth is fracturing, driven by an AI and trade-advantaged surge in select economies while others slowdown under import costs, weak demand, and geopolitical strain. This has prompted key developed central banks to raise rates with further upside in order to anchor inflation. Overall, the global outlook remains uncertain and susceptible to risks stemming from prolonged geopolitical tensions, tighter financial conditions, and renewed supply chain disruptions.
Domestically, despite the escalating regional conflict, the economy is resilient with growth moderating at a slower pace. The external position is strong on the back of record tourism and remittances, FDI flows/Multilateral Financing and a liquid FX market with record reserves. Inflation momentum has weakened despite higher energy deficit cushioned by low/declining food inflation. The CBE kept the policy rates unchanged adopting a prudent and tight monetary stance in order to support sustainable growth, anchor the upside risk on inflation through resurgence of regional hostilities and prolonged higher energy prices.
Crédit Agricole Egypt achieved strong commercial growth as of 9M26
Credit Agricole Egypt Commercial growth kept strong momentum across all business lines during 9M26. The gross loan portfolio grew by +20% YoY to reach 73.4 billion, while customer deposits increased by +21% YoY to reach 129.9 billion. The L/D ratio reached a healthy 56.6% as of 9M26 reinforcing our continued commitment to our clients.
Corporate Banking delivered solid performance in 9M26, with growth in loans by +10.9 billion (+25% YoY) while maintaining a high-quality credit portfolio and prudent risk management. Deposits grew by +12.8 billion (+19% YoY) despite tough market competition thereby reflecting deepening client relationships, strong customer confidence, and effective liability management. Corporate Banking remains committed to meeting the evolving needs of its clients through tailored financial solutions, innovative product offerings, and a customer centric approach. This strategic focus continues to strengthen client relationships, diversify income streams, and reinforce the Bank's position as a trusted partner for corporate customers.
Retail banking delivered good performance in 9M26, with growth in loans by +1.4 billion (+8%YOY) and deposits by +10.1 billion (+26%YoY). This growth was driven by active marketing campaigns reinforced by our 20th Anniversary offers, introduction of new competitive products and simpler yet enhanced digital self-service features.
CAE grew its overall active customers base up by +2% YoY while achieving higher growth for premium customers, driven by continuous enhancements to the banki application, successful payroll partnerships and attractive deposit products designed to meet our customers everyday needs.
Dynamic Commercial Activity and Solid Balance Sheet Structure
CAE delivered strong performance in 9M26, driven by expanding digital services and targeted client services. Gross loans (including loans to banks) increased +20% YoY and +1% QoQ to reach 73.4 billion while customer deposits expanded by +21% YoY and +3%QoQ to reach 129.9 billion.
Corporate and Retail breakdown based on Published Financial Statements
Profitability Performance
In 9M26 Net banking income (NBI) reached 10.8 billion, achieving +11% YoY growth driven by higher net interest income (NII) +8% YoY due to business volume growth and +92% YoY in other operating income. The latter reflected solid FX gains from increased client activity and favorable market conditions offsetting competitive pricing pressures on deposits.
Operating expenses grew up by +17% YoY to support operational growth, technological advancements and absorb inflationary impacts. As a result, the cost-to-income ratio slightly increased by +1.3% YoY to reach 27.7% in 9M26 compared to 26.4% in 9M25 bringing gross operating income (GOI) to 7.8 billion +9% YoY.
Higher cost of risk at -548 million in 9M26 compared to -312 million in 9M25 aligning with loan portfolio growth and normalized retail risk. Overall net profit grew by +6% YoY.
Sequentially QoQ Net Banking Income (NBI) and Gross Operating Income (GOI) decreased by -1% QoQ. This outcome driven by decrease in net interest income by -2% along with decrease in other operating income by -9%, while Fees and Commission hike by +15%. Operating expenses were controlled at -1% QoQ.
As a result, Net profit increased +2% QoQ driven by higher fees/commission income and lower cost of risk QoQ.
High Quality of Assets, Strong Solvency and Liquidity
CAE NPL ratio at a healthy 2.1% as of 9M26 demonstrating the high asset quality on the back of resilient risk management and strong capital & cash reserves to support organic growth and manage market challenges. Prudentially CAE maintains ratio well above the regulatory thresholds.
Digital Journey
In 3Q26, Crédit Agricole Egypt (CAE) reaffirmed its leadership in digital banking with continued growth in customer adoption and engagement, processing in Q3 2026 over 8 Million digital transactions +60% YoY. With 99% of domestic transfers done digitally and over 52Million outgoing Instant payments since May 2023, CAE remains a key player in Egypt’s evolving digital ecosystem.
CAE continued to drive adoption of its newly launched features with more than 2.3K Certificate of Deposits entirely booked online instantly, alongside more than 26K online requests to apply for bank products (Loans and Cards) since launch in Q126. Additionally, the instant transfers through the mobile app have almost doubled since launch in Q1, reinforcing CAE’s commitment to providing convenient, customer-centric digital solutions.
48% of Corporate and SME customers are digitally active on the online platform. With almost half of the domestic transfers digitally processed through the platform, Digital transactions maintained the strong engagement levels, showing +14% growth YoY, Additionally, as more companies continue to pay their governmental dues online, this type of payments grew by +46% in 3Q26 compared to 3Q25.
CAE continued its solid steps to realize its digitalization ambitious roadmap, by launching its payment acceptance product "banki Commerce"; CAE stepped into the payment acceptance world, contributing further towards the Central Bank efforts for a "less cash society" as well as the gradual shift to payment acceptance. By the end of Q3-26, "banki Commerce" had processed +189K e-commerce transactions through the new gateway since inception. CAE Consistently, remains committed to its ambitious vision in the Payment Acceptance field, and its unique onboarding journey continues to make it easy for companies to optimize their inflows.
Top Employer Award
CAE has been certified as a Top Employer for two consecutive years by Top Employer Institute. The certification encompasses CAE’s HR practices and policies on People Strategy, Talent Acquisition, Learning, Diversity, Equity & Inclusion, Well Being and Work Environment. This confirms the commitment of CAE towards employee development and the human-centric culture of empowerment, engagement and trust.
Sustainability and CSR Activities
CAE Foundation in association with Ibrahim Badran Foundation opened 3 medical hubs/clinics each stationed at Cairo, Giza and Beheira dedicated to parentless children living in care homes. The medical hubs/clinics offer periodic medical check-ups and intervention to the children living in care homes at proximity of each clinic.