Suez Canal Bank tops the Fastest Growing Banks in Deposits during 2024

Suez Canal Bank achieved strong growth in its portfolio of customer deposits, jumping by 84% and an increase of 61.824 billion pounds over the past year, reaching 135.471 billion pounds by the end of 2024, compared to 73.647 billion pounds by the end of 2023, marking the fastest annual growth in 8 years, and its largest ever increase.

This performance prompted the Bank to top the "First Bank" list of the fastest growing banks in customer deposits in 2024. Overall, Suez Canal Bank achieved a strong performance in its financial indicators over the past year, jumping its net profit to 5.681 billion pounds in 2024, compared to 2.293 pounds in 2023, a growth of 147.7% and an overall increase of 3.4 billion pounds. Its portfolio of assets jumped by 75.05% last year, reaching 180.190 billion pounds by the end of 2024, compared to 102.939 billion pounds by the end of 2023.

Total customer loans and facilities rose by 113.30% and an increase of 42.052 billion pounds over the past year, reaching 79.166 billion pounds by the end of 2024, compared to 37.114 billion pounds by the end of 2023. For the full list click here.