Credit Agricole Egypt nine-month profit rises 4.28 percent

Credit Agricole Egypt reported a 4.28% year-on-year rise in consolidated profit for the nine months. Standalone net profit after tax reached about $97 million (E£5.45bn) against about $91 million (E£5.13bn) a year earlier.

The result gives investors a read on earnings momentum at a mid-sized foreign-owned Egyptian bank.