SC Bank tops fastest-growing listed banks in deposits during Q1-2025

Suez Canal Bank significantly strengthened its portfolio of customer deposits during the current year, which is evident in its increase to EGP 151.32 bn by the end of March 2025, compared to EGP 135.47 bn by the end of 2024, with a growth rate of 11.7%, and an increase estimated at about EGP 15.84 bn.

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

In general, Suez Canal Bank achieved strong performance during the current year, as its net profits jumped to EGP 1.311 bn during the first quarter of 2025, compared to EGP 611.248 mn during the same period in 2024, with a growth rate of 114.41%, and a total increase of EGP 699.339 mn.

The bank’s profits before income taxes rose to EGP 1.84 bn during the first quarter of 2025, compared to EGP 836.7 mn during the same period in 2024, with a growth rate of 120.34%, with 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 interest income, as it rose to EGP 1.68 bn during the first 3 months of 2025, compared to EGP 1.09 bn during the same period in 2024, after recording a growth rate of 54.1%, and an increase of EGP 589.5 mn.

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

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 EGP 203.2 bn by the end of March 2025, compared to EGP 180.2 bn by the end of 2024, an increase of EGP 23 bn.

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

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