Credit Agricole not considering leaving Egyptian market

The chairperson and managing director of Credit Agricole Egypt, Francois Edouard Drion, said that the bank aims to finance various activities and economic sectors in Egypt, as well as retail loans, including cash or auto loans.

He told Daily News Egypt that his bank focuses on financing the food, pharmaceutical, real estate, energy, and automotive sectors, as well as the fields targeted by the Central Bank of Egypt’s (CBE) initiatives.

Drion stressed that the bank is committed to not financing projects that pollute the environment or those that manipulate children

He added that Credit Agricole also supports companies operating in the energy sector and aims to increase its investments in this sector during the coming period, pointing out that Egypt is expected to become a major exporter of natural gas in 2018.

Regarding the nature of the bank’s activities in Egypt, Drion said that the bank’s strategy relies on providing high-quality services and offering integrated packages for large, small, and medium sized companies, as well as retail and senior clients.