CreditAgricole launched its activities in the Egyptian market after acquiring the Egyptian American Bank in 2006. According to Drion, the bank is not considering leaving the Egyptian market. “We entered the Egyptian market 10 years ago and are determined to continue and expand in it,” he said. Credit Agricole Group owns a 47.39% stake in Credit Agricole Egypt. According to Drion, about 2,500 employees work for Credit Agricole Egypt.

Source: Daily News Egypt May 21, 2017 06:11 UTC