First Indicator: Suez Canal Bank deposits surge 372.3% in five years
Suez Canal Bank’s customer deposits expanded rapidly over the past five years, strengthening the bank’s main funding base, supported by its ability to attract new liquidity and deepen customer confidence across different segments.
As a result, customer deposits surged to EGP 238.93 billion at end-June 2026 from EGP 50.59 billion at end-2021, representing growth of 372.3 per cent and a total increase of EGP 188.34 billion.
Deposits recorded their fastest annual growth in 2024, jumping 83.9 per cent to EGP 135.47 billion from EGP 73.65 billion, an increase of EGP 61.82 billion.
By comparison, 2025 recorded the largest annual increase in absolute terms, with customer deposits rising by about EGP 73.57 billion to EGP 209.04 billion at year-end from EGP 135.47 billion at end-2024, representing annual growth of 54.3 per cent.
The upward trend continued into 2026, with customer deposits reaching EGP 238.93 billion at end-June, up 14.3 per cent in the first half of the year.
This performance indicates that the pace of growth was not driven by exceptional or temporary factors, but reflected the bank’s ability to continue attracting liquidity and strengthening its funding sources on a sustainable basis, supporting its financial flexibility and providing greater capacity to finance its expansion plans in the coming period.
Overall, Suez Canal Bank recorded strong performance in H1 2026, with net profit rising 17.7 per cent to EGP 3.63 billion from EGP 3.08 billion in the corresponding period of 2025, an increase of EGP 545 million.
Net interest income jumped 47.4 per cent to EGP 5.70 billion in H1 2026 from EGP 3.87 billion a year earlier, an increase of EGP 1.83 billion.
Net fees and commission income rose 10.3 per cent to EGP 763.6 million in H1 2026 from EGP 692.1 million in the corresponding period of 2025.
On the balance-sheet side, total assets increased 13.6 per cent, or EGP 36.86 billion, in the first half of 2026 to EGP 306.98 billion at end-June from EGP 270.12 billion at end-2025.
The bank’s customer loan portfolio also rose 10.8 per cent, or EGP 13.01 billion, in H1 2026 to EGP 135.57 billion at end-June from EGP 122.37 billion at end-2025.
