SC Bank is among the top 10 Banks in the loan market For the first time in its history

In a historical precedent since its founding, Suez Canal Bank succeeded in breaking into the list of the top Ten in the loan market, recording an exceptional achievement that reflects a strategic shift in its performance and position within the Egyptian banking sector.

This strong achievement came under the leadership of Akef El Maghraby, CEO and Managing Director of the bank, who assumed his duties in April 2024, as a direct result of his precise expansion strategy that enabled «Suez Canal Bank» to strengthen its customer base and expand its financing activity in an unprecedented manner, making it able to compete with the most prestigious Banking corporates in the market.

In just one year, the bank jumped 13 places in the ranking of Egyptian banks in terms of loan volume.After occupying twenty-third place at the end of March 2024, it rose to tenth place at the end of March 2025, joining the list of adults in one of the fastest rising stories in the banking sector.

The list of the top ten in the loan market became as follows: «National Bank of Egypt», «Banque Misr», «CIB», «QNB» Egypt, «Banque du Caire», «AAIB», «First Abu Dhabi - Egypt», «ADIB», «NBK - Egypt», and «Suez Canal Bank».

According to the financial statements of «Suez Canal Bank», the total customer loan portfolio increased to 90.88 billion pounds by the end of March 2025, compared to 44.29 billion pounds in March 2024, achieving a growth of 105.2%, and an increase of 46.59 billion pounds.

At the level of sub-portfolios that make up the bank’s customer loan portfolio, the institutional loan portfolio jumped to 84.65 billion pounds at the end of March 2025, compared to 40.19 billion pounds at the end of March 2024, with a growth rate of 110.6%.

The retail loan portfolio in Suez Canal Bank also increased from 4.09 billion pounds at the end of March 2024, to 6.23 billion pounds at the end of March 2025, representing a growth of about 52.3%, and a total increase of 2.14 billion pounds.

Despite Suez Canal Bank's sharp expansion in the financing market, it was keen to raise the quality of its credit portfolio, reaching 96.30% at the end of March 2025, compared to 89.46% at the end of the same period of the previous year, thus achieving a rare balance between acceleration in growth and rational risk management.

In terms of the performance of «Suez Canal Bank» during the first quarter of this year only, the bank recorded strong growth in its financial indicators, as its net profits jumped to EGP 1.311 bn 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%.A total increase of 699.339 million pounds.

The bank’s profits before income taxes rose 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 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.