First index: Suez Canal Bank’s assets surge 464.4% since 2020

Assessing banking growth goes beyond measuring the increase in assets; it also involves analysing the sources of funding behind this expansion, the balance between funding components, and the efficiency of deploying available resources to support profitability and strengthen long-term financial sustainability.

In this context, Suez Canal Bank’s performance from the end of 2020 to June 2026 reflects a notable expansion in its business volume, supported by growth in customer deposits and higher shareholders’ equity. This highlights the changes in the Bank’s funding structure during this period and the extent to which its funding sources have kept pace with the rapid growth in its assets.

The Bank’s total assets recorded a growth rate of approximately 464.4 per cent, increasing by EGP252.59bn to reach EGP306.98bn at the end of June 2026, compared to EGP54.39bn at the end of 2020, reflecting the significant expansion in the Bank’s balance sheet.

Customer deposits were among the main drivers supporting this expansion, recording a growth rate of approximately 438.9 per cent, with an increase of EGP194.59bn to reach EGP238.93bn at the end of June 2026, compared to EGP44.34bn at the end of 2020.

Despite the substantial increase in deposits, their contribution to total assets declined from 81.53 per cent at the end of 2020 to approximately 77.83 per cent at the end of June 2026, representing a decrease of around 3.7 percentage points. Nevertheless, deposits remained the Bank’s primary source of funding its assets, supported by the expansion of its funding base during the period.

This development reflects a decline in the relative weight of deposits within the Bank’s asset funding structure, despite their continued growth, indicating a relative shift in the composition of its balance sheet.

This shift is more evident in balances due to banks, which recorded a growth rate of 859.4 per cent, reaching EGP42.37bn at the end of March 2026, compared to EGP4.42bn at the end of 2020. Consequently, their contribution to asset funding increased from 8.12 per cent to 13.84 per cent over the same period.

Regarding shareholders’ equity, it recorded a growth rate of approximately 499.5 per cent, reaching EGP23.2bn at the end of June 2026, compared to EGP3.87bn at the end of 2020, representing a growth rate higher than that of total assets. Accordingly, shareholders’ equity contribution to asset funding increased from approximately 7.11 per cent to 7.56 per cent, representing a modest rise of around 0.45 percentage points.

The comparison between the growth of assets, deposits, and shareholders’ equity reveals a rapid expansion in the Bank’s business volume, accompanied by a modest increase in the relative contribution of shareholders’ equity and a decline in the share of deposits in total assets.

Net profit also recorded a growth rate of 967.3 per cent, reaching EGP6.42bn in 2025, compared to EGP601.64mn in 2020, highlighting the substantial improvement in profitability alongside the significant expansion in the Bank’s balance sheet.

These positive indicators continued during H1 2026, as the Bank recorded net profit of EGP3.63bn, with a return on average assets (ROAA) of 2.52 per cent and a return on average equity (ROAE) of 33.42 per cent, reflecting the profitability achieved during the first half of the year alongside the expansion in its financial position.

Overall, Suez Canal Bank’s performance reflects substantial growth in assets, supported by higher deposits and stronger shareholders’ equity, alongside improved business results. However, assessing the sustainability of this expansion goes beyond the growth rates achieved and requires examining the development of other liabilities, the cost of funding sources, and the efficiency of resource utilisation. These factors are essential to determining the Bank’s ability to sustain growth while maintaining financial balance.