The Clap
Credit Agricole’s (CIEB) profits recorded EGP 491.5 million in Q1-2022, as opposed to profits of EGP 378.5 million in the same period of 2021, representing an increase of 30% YoY.
The deets
The bank’s interest income reached EGP 1.36 billion, after recording EGP 1.25 billion in Q1-2021.
The Net Interest Margin (NIM) also increased by 10.8% YoY in Q1-2022.
Claps Class
Interest income is the profits that the bank takes from the interest that will be on the loans that the bank offers to its customers.
Net interest margin is the difference between the income generated through interest on loans, and the interest that the bank pays on the deposited money, and dividing this difference is then divided by the bank’s total assets.
