Credit Agricole Egypt says net profit down 30%

Credit Agricole Egypt's net profit for the first six months of 2011 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 LE140.7 million from LE201.6 million in the first half of 2010, it said.

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