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Frequently Asked Questions

can vary depending on the type of mutual fund you invest in, your investment goals, and the market conditions. Here are some key risks associated with mutual funds:
  • Market Risk
  • Credit Risk
  • Interest Rate Risk
  • Liquidity Risk
  • Concentration Risk
  • Reinvestment Risk
It's important to understand the specific risks associated with the type of mutual fund you are considering and to align your investment choices with your risk tolerance, investment objectives, and time horizon.  

Returns represent the total net profits or losses (in some types of mutual funds) achieved against the invested amount during a specific period. To view the returns for the mutual funds offered by the bank

Mutual funds are investment vehicles that pool money from multiple investors to invest in a diversified portfolio of capital market instruments, including equities listed on the stock exchange, treasury bills, treasury bonds, or other securities. Each investor in a mutual fund owns shares of the fund, representing a portion of the overall holdings. These shares are referred to as Investment Certificates, symbolizing the investor’s ownership in the mutual funds. The primary objective of mutual funds is to provide investors with access to a diversified portfolio managed by professional fund managers, reducing risk compared to investing in individual securities. Investors benefit from the collective buying power, professional management, and diversification of the fund, which can be difficult to achieve on their own.

Mutual funds come in various types, each designed to meet different investment objectives and risk profiles. The main types of mutual funds include:
  • Equity Funds (Stock Market)
  • Fixed Income Funds (Medium/Long term Debt Funds)
  • Money Market Funds (Short term Debt Funds)
  • Balanced Funds (Hybrid Funds)
  • Precious Metals Funds (Gold/Silver Funds)
 

EFG Hermes Asset Management is the fund manager for Credit Agricole I, Credit Agricole II equity funds and Credit Agricole III money market fund. With over 25 years of experience in the Egyptian market, the fund manager makes investment decisions on behalf of the investors based on through research and close monitoring of market conditions. EFG Hermes Asset Management is responsible for the performance of the funds under its management, as they handle the investment part of the fund.
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Crédit Agricole Egypt Participates in a Banking Consortium of Thirteen Banks to Provide a Syndicated Loan of EGP 18 billion for Telecom Egypt

Cairo, October 30, 2024: Crédit Agricole Egypt has participated in a syndicated loan arrangement worth EGP 18 billion for seven years offered to Telecom Egypt, a leading company in the telecommunications sector in Egypt. The banking consortium consists of 13 banks, led by Commercial International Bank (CIB) and Banque Misr in their capacity as the Initial Mandate Lead Arrangers and Book-runners, along with the National Bank of Egypt acting as the Mandate Lead Arranger and Book-runner. “Zaki Hashem” and “ADSERO-Ragy Soliman & Partners” have been appointed as Lenders and Borrower’s legal advisors to conclude the financing.

The facility main purpose is to support the company’s financial structure, and it is intended to strengthen the telecommunications sector in Egypt as well as enhance the quality of services provided by telecommunications companies operating in the Egyptian market. The facility is also considered the largest banking finance arranged by Egyptian banks for a company operating in the telecommunications sector in Egypt.

Underlining the collaboration, Jean-Pierre Trinelle, Managing Director at Crédit Agricole Egypt commented “We are proud to support Telecom Egypt through this significant syndicated loan facilitated by a consortium of 13 banks. This collaboration reinforces our commitment to supporting Egypt’s vital sectors such as telecommunications, one of the fastest-growing sectors in the country. Our participation in this syndicated loan will help boost digital transformation and accelerate the shift towards digital economy. We are convinced that this financing will generate added value for all parties involved.”

Additionally, Mohamed Nasr, the Managing Director and CEO of Telecom Egypt, remarked: “We are pleased to have secured this long-term facility, which not only provides us with greater financial flexibility but also enables us to better align our liabilities with our income. We are confident that our ongoing debt restructuring program, which we initiated last May—coupled with our focused efforts to optimize CapEx allocation—positions us well to further enhance our financial position, capitalize on future opportunities, and continue to deliver value to our shareholders. The participation of leading banks in this transaction reflects their strong confidence in Telecom Egypt’s financial stability and growth prospects, further validating our strategic direction and long-term vision.”

The financing agreement was signed in the presence of the Top Executives of the participating banks, the Managing Director and CEO of Telecom Egypt, and task forces from all parties involved.

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