Credit Agricole Egypt says H1 net drops 30 pct | Reuters

Credit Agricole Egypt net profit for the first six months fell 30 percent from a year earlier, the bank said on Sunday.

Egyptian banks were hurt by the uprising that toppled President Hosni Mubarak earlier this year, when political turmoil and worker strikes prompted the central bank to close banks for nearly two weeks.

Credit Agricole Egypt, owned 60 percent by France's Credit Agricole, said net profit dropped to 140.7 million Egyptian pounds from 201.6 million pounds in the first half of 2010, it said.

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