SC Bank tops fastest growing banks listed on the stock exchange in net profits during Q1-2025

Suez Canal Bank's net profits witnessed strong growth during the current year, jumping to 1.311 billion pounds during the first quarter of 2025, compared to 611.248 million pounds during the same period in 2024, with a growth rate of 114.41%, and a total increase of 699.339 million pounds.

This strong performance prompted Suez Canal Bank to top the «First Bank» list of banks listed on the Egyptian Stock Exchange with the fastest growth in net profits during the first quarter of 2025.

The bank’s profits before income taxes jumped to 1.84 billion pounds during the first quarter of 2025, compared to 836.7 million pounds during the same period in 2024, with a growth rate of 120.34%, an increase of more than one billion pounds.

The bank's strong performance in terms of its profits was supported by the significant growth it achieved in net income from revenue, as it rose to 1.68 billion pounds during the first 3 months of 2025, compared to 1.09 billion pounds during the same period in 2024, after recording a growth rate of 54.05%, and an increase of 589.5 million pounds.

Net fees and commissions income also exceeded 335 million pounds during the first quarter of 2025, compared to 198.5 million pounds during the same period in 2024, an increase of 136.6 million pounds.

In terms of the bank’s financial position, its asset portfolio increased at a growth rate of 12.77% during the first quarter of this year, reaching 203.2 billion pounds by the end of March 2025, compared to 180.2 billion pounds by the end of 2024, an increase of 23.01 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.

The bank’s total loan portfolio to customers jumped at a growth rate of 14.80% during the first quarter of this year, moving from 79.2 billion pounds by the end of 2024, to 90.9 billion pounds by the end of March 2025, recording an increase of 11.7 billion pounds.

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