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Beltone sets fair value of Crédit Agricole's share at EGP 40

Beltone sets fair value of Crédit Agricole's share at EGP 40

ArabFinance: Beltone Financial set the fair value of Crédit Agricole Egypt’s (CIEB) share at EGP 40, with a recommendation to buy the share, according to a research note.  

Credit Agricole’s ordinary general assembly approved a capital increase to EGP 5 billion.

The listed bank posted a consolidated net profit of EGP 1.37 billion in 2020, down 42.9% when compared to EGP 2.35 billion in 2019.

Launched in 1996 and listed on the EGX in 2006, Crédit Agricole has subsidiaries operating across Egypt, working on commercial and professional services, in addition to thrifts and mortgage finance.

 

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04 Oct 2021
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