Suez Canal Bank tops First Bank’s three-year direct corporate loan growth ranking

Suez Canal Bank recorded a significant expansion in its direct corporate loan portfolio over the past three years, achieving a compound annual growth rate (CAGR) of 85.6 per cent.

The bank's portfolio rose to EGP 42.77bn at end-2025, from EGP 6.69bn at end-2022.

This performance propelled the bank to first place in First Bank’s ranking of the fastest-growing banks operating in Egypt by direct corporate loans over the three-year period from 2022 to 2025.

The bank maintained its growth momentum in 2026, with its direct corporate loan portfolio reaching EGP 52.49bn at end-June.

Suez Canal Bank also recorded strong financial performance in the first half of 2026, with net profit rising 17.7 per cent to EGP 3.63bn, from EGP 3.08bn in the same period of 2025, an increase of EGP 545mn.

Net interest income surged 47.4 per cent to EGP 5.70bn in the first half of 2026, compared with EGP 3.87bn a year earlier, an increase of EGP 1.83bn.

Net fee and commission income rose 10.3 per cent to EGP 763.6mn, from EGP 692.1mn in the corresponding period of 2025.

The bank’s balance sheet also expanded during the first half of 2026, with total assets increasing 13.6 per cent, or EGP 36.86bn, to EGP 306.98bn at end-June, from EGP 270.12bn at end-2025.

Customer deposits rose 14.3 per cent to EGP 238.93bn at end-June 2026, from EGP 209.04bn at end-2025, an increase of EGP 29.88bn.

Customer loans also grew 10.8 per cent to EGP 135.57bn at end-June 2026, from EGP 122.37bn at end-2025, reflecting continued expansion in the bank’s lending activities.