CREDIT AGRICOLE EGYPT

GENERAL ASSEMBLY OF SHAREHOLDERS

31ST MARCH 2022

Proposed Appropriation for the year ended 31 December 2021 based on CBE instructions

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31 December

2021

Net profit for the year

1,592,460

Deduct:Banking general risks reserve

(535)

Deduct:Profit on sale fixed assets

(48,914)

Distributable Income

1,543,011

Retained earnings at beginning of the year

4,833,160

Deduct:

Capital increase from Retained earnings

(3,627,935)

Total

2,748,236

Appropriated as follows:

Legal reserve

77,177

Shareholders' profit distribution

925,000

Employees' profit share

146,583

Banking Sector Support & Development Fund *

15,430

Retained earnings at end of the year

1,584,046

Total

2,748,236

  • According to Article 178 of the Central Bank and Banking Sector's Law No. 194 for year 2020, to deduct an amount not exceeding 1% of the distributable year's net profits for the benefit of the Support and Development the Banking Sector

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Crédit Agricole Egypt SAE published this content on 08 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 March 2022 09:20:00 UTC.