SC Bank achieves fastest quarterly growth rate in its direct loan portfolio in the last 5 years by 39%

The total portfolio of direct loans to companies at the Suez Canal Bank witnessed record growth during the first quarter of 2025, after jumping by 39%, thus recording the fastest quarterly growth rate in the last 5 years, rising to 27.42 billion pounds at the end of March 2025, compared to 19.75 billion at the end of 2024, an increase of 7.67 billion pounds. In terms of the growth rates achieved in the portfolio over the past years, the size of the direct corporate loan portfolio at the Suez Canal Bank increased at a growth rate of 13.3% during the first 3 months of 2024, reaching 4.91 billion pounds by the end of September 2023, compared to 4.34 billion pounds by the end of 2023, which is the second fastest quarterly growth rate during the period under analysis. The portfolio also recorded a decline of 10.2% during the first quarter of 2023, in addition to achieving growth rates of 9.7% and 1% during the same period in 2022 and 2021. Overall, Suez Canal Bank achieved strong performance during the first quarter of this year, as the bank's net profits jumped at a growth rate of 114.4%, recording EGP 1.31 billion during the first 3 months of 2025, compared to EGP 611 million during the same period in 2024. Net income from returns jumped at a growth rate of 54.1%, recording 1.68 billion pounds during the first quarter of 2025, compared to 1.10 billion pounds during the same period in 2024. Net income from fees and commissions also increased by about 68.8%, recording 335 million pounds during the first 3 months of 2025, compared to 198 million during the same period in 2024. The asset portfolio rose by about 12.8% during the first quarter of this year, reaching EGP 203.20 billion by the end of March 2025, compared to EGP 180.19 billion by the end of 2024, an increase of EGP 23.01 billion. The bank's total loans to customers jumped by EGP 11.72 billion during the first 3 months of 2025, recording EGP 90.88 billion by the end of March 2025, compared to EGP 79.17 billion by the end of 2024, a growth rate of 14.8%. The customer deposit portfolio increased by about 11.7% during the first quarter of this year, reaching 151.32 billion pounds by the end of March 2025, compared to 135.47 billion pounds by the end of 2024. To view more news and analysis about the Suez Canal Bank and its most prominent achievements, click here.