Akef Al-Maghrabi Named in First Bank’s List of Top Egyptian Banking Executives for 2025
At a time of intensifying challenges within the banking sector, Akef Al-Maghrabi, CEO and Managing Director of Suez Canal Bank, has been recognized by First Bank as one of Egypt’s premier executive leaders.
Under his leadership, Suez Canal Bank has continued to expand its footprint, establishing itself among the top 10 private sector banks in Egypt.
It has also strengthened its regional presence, ranking among the top 100 banks across the MENA region, reflecting its growing scale and competitiveness.
In parallel, the bank has significantly improved its asset quality, successfully reducing non-performing loan ratios to their lowest levels in the past decade, underscoring stronger risk management practices and enhanced financial resilience.
During 2025, the bank continued to build on its strong momentum, delivering solid financial performance across all key indicators.
Net profits increased by 13% to reach EGP 6.42 bn in 2025, compared to EGP 5.68 bn in 2024, reflecting improved profitability and steady earnings growth.
Total pre-tax profits rose by 30% to EGP 9.47 bn in 2025, compared to EGP 7.28 bn in 2024, supported by strong operating performance and enhanced revenue generation.
Net interest income grew by 56% to EGP 8.64 bn in 2025, compared to EGP 5.54 bn in 2024, driven by continued expansion in core banking activities.
Net fee and commission income increased by 50.7% to EGP 1.48 bn in 2025, compared to EGP 980 mn in 2024, reflecting stronger diversification of income streams.
On the balance sheet side, total assets rose by 49.9% to EGP 270.12 bn in 2025, compared to EGP 180.19 bn in 2024, supported by sustained business expansion.
Customer deposits increased by 54.3% to EGP 209.04 bn in 2025, compared to EGP 135.47 bn in 2024, reflecting strong customer confidence and continued deposit mobilization.
Net loans portfolio also expanded significantly, rising by 63.3% to EGP 122.37 bn in 2025, compared to EGP 74.94 bn in 2024, driven by robust lending growth across key segments.
