SC Bank achieves a boom in its corporate loan portfolio since Akef El Maghraby's leadership

5/14/2025 4:31:56 PM

Corporate loan portfolio at Suez Canal Bank has witnessed a major boom since Akef Al-Maghribi assumed the position of CEO, as it jumped at a growth rate of 111% and an increase of 44.46 billion pounds during the period from March 2024 to March 2025.

The size of the bank’s corporate loan portfolio reached 84.65 billion pounds at the end of March 2025, compared to 40.19 billion at the end of March 2024.This was reflected in strengthening the bank’s position in the corporate finance sector in the Egyptian banking market, in addition to increasing its customer base.

This was contributed to by the unprecedented increase in the bank’s total portfolio of direct loans to companies, which jumped by 458%, with an increase of more than 22 billion pounds in just one year, to record 27.42 billion pounds by the end of March 2025, compared to 4.91 billion by the end of March 2024.

In addition, the bank’s syndicated loan portfolio increased at a growth rate of 19%, reaching 16.98 billion pounds at the end of March 2025, compared to 14.29 billion at the end of March 2024, achieving an increase of 2.69 billion pounds.

As for the development of corporate loan portfolio during the first quarter of this year, it achieved a growth rate of 15% and an increase of 10.98 billion pounds, moving from 73.67 billion pounds by the end of 2024, and reaching 84.65 billion by the end of last March.

In general, Suez Canal Bank recorded strong growth in its main financial indicators during the first quarter of this year, as its net profits jumped at a growth rate of 114.41%, reaching 1.311 billion pounds during the quarter of 2025, compared to 611.248 million during the same period in 2024, an increase of 699 million pounds.

The bank's total asset portfolio increased at a growth rate of 13% during the first quarter of this year, recording 203.2 billion pounds by the end of March 2025, compared to 180.2 billion by the end of 2024, an increase of more than 23 billion pounds.

The customer deposit portfolio increased by about 11.70%, with an increase of 15.8 billion pounds during the first quarter of this year, to record 151.3 billion pounds by the end of March 2025, compared to 135.5 billion pounds by the end of 2024.