SectionEgypt overview
Crédit Agricole Egypt (CIEB)
Egyptian subsidiary of the French banking group Crédit Agricole.
TickerCIEB
ExchangeEGX
SectorBanks
CurrencyEGP
About Crédit Agricole Egypt
Crédit Agricole Egypt is the Egyptian banking arm of France's Crédit Agricole group. It provides retail, corporate and small-business banking through a branch network across the country.
The bank is known for relatively conservative lending and a solid deposit base, and it has historically paid regular dividends.
Like other Egyptian banks, its earnings are closely linked to interest rates, since a large part of bank income in Egypt comes from government securities and loans priced off the central bank's policy rate.