Credit Agricole Egypt signed a new five-year partnership agreement with Visa, extending their cooperation in providing card payment solutions.
The renewed cooperation will enable them to continue offering more innovative digital payments solutions to the bank’s cardholders.
The bank’s Managing Director, Jean-Pierre Trinelle, commented: “We are proudly extending our 17-year cooperation with Visa to open up new horizons in cards payment services and thus further meet our clients’ needs and expectations.”
During the first quarter (Q1) of 2021, the bank logged net profits of EGP 378.52 million, down from EGP 439.96 million in Q1-20. The net interest income retreated to EGP 1.25 billion in the January-March period, compared to EGP 1.36 billion in the year-ago period.
