Credit Agricole Egypt continues development plans in 2018

Hossam Mounir
3 Min Read
Picture taken on May 13, 2008 in Paris shows the headquarters of French banking giant Credit Agricole. The bank said on Tuesday it was seeking 5.9 billion euros (9.2 billion dollars) in fresh cash from shareholders after taking new charges of 1.2 billion euros for problems in the US subprime market. AFP PHOTO JACQUES DEMARTHON (Photo credit should read JACQUES DEMARTHON/AFP/Getty Images)

The managing director of Crédit Agricole Egypt, Pierre Finas, announced that he is pursuing the bank’s development plans, with the aim of achieving leadership and usefulness for its customers, employees, environment, and the whole community.

Finas mentioned, during the recent visit of Crédit Agricole Group CEO Philippe Brassac to Egypt, the group’s continuing support for the development of Credit Agricole in the country, believing in its importance and huge potential.

He showcased the bank’s expansion plans, which include inaugurating a new branch in New Cairo.

Believing in the importance of financial inclusion to develop Egyptian society and serve its needs in line with the initiative of the Central Bank of Egypt (CBE), Crédit Agricole Egypt is launching soon Banki Wallet E application. The new application will offer individuals a new safe and an easy payment method.

In the same context of digital services, the bank launched Banki Business, the new corporate online service, which will enable companies to perform banking transactions and payment from the comfort of their offices.

Credit Agricole Egypt has a comprehensive digital services platform named Banki by Credit Agricole, which includes Banki Mobile.

Finas shed light on the bank’s CSR vision and philosophy, saying, “Crédit Agricole Egypt has a CSR philosophy based on sustainability and empowerment, through development and societal initiatives that target creating positive impact in the community and empowering the neediest.”

Ramadan is witnessing a number of the bank’s initiatives, such as empowering the women of Ezbet Khairallah, where the bank launched a development programme, and distributing Ramadan food bags to 5,000 families and Eid Al-Fitr clothes to orphans.

The bank also sponsors 191 community schools for 6,000 students in Upper Egypt.

In 2013, Crédit Agricole Egypt launched a project to deliver clean drinking water to deprived houses in Upper Egypt. The project, which targeted 300 houses in 2013, delivered clean water to 3,000 houses.

“Taking to a new mile our commitment towards the communities where we operate, we have inaugurated Crédit Agricole Egypt’s Foundation for Development, which is a stepping stone in the bank’s history to consolidate the rules of sustainability and boosting its CSR role,” Finas added.

He noted that the foundation will define new community work’s horizons, ensuring a tangible short- and long-term impact on the community.

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