How Suez Canal Bank Distributed Its Direct Loan Portfolio Among Sectors
Suez Canal Bank's direct financing portfolio jumped by 70.28%, to record EGP 6.7 bn by the end of 2022, compared to EGP3.9 bn by the end of 2021.
Suez Canal loans to tourism sector jumped by 146.69%, to reach EGP4.72 bn at the end of 2022, compared to EGP1.91 bn at the end of 2021, an increase of EGP2.81 bn.
As for the industrial sector, from EGP219.18 mn at the end of 2021 to EGP334.83 mn at the end of 2022, achieving a growth rate of 52.77%, and an increase of EGP115.65 mn.
Real estate sector increased by 26.45%, reaching EGP 406.07 mn at the end of 2022, compared to EGP321.13 mn at the end of 2021, an increase of EGP84.94 mn.
Moreover, services finance rose to EGP 171.92 mn by the end of 2022, compared to EGP157.08 mn by the end of 2021, with a growth rate of 9.45%, and an increase of EGP14.85 mn.
The financial services sector obtained EGP 927.28 mn, while the commercial sector received EGP129.33 mn, and the remaining value of EGP1.58 mn was distributed to other sectors by the end of 2022.
Direct loans contributed about 22.78% to corporate sector total finance, as corporates loans portfolio reached EGP 29.38 bn at the end of 2022, compared to EGP23.89 bn at the end of 2021, achieving a growth rate of 22.97%, and an increase of EGP5.49 bn
While the bank’s corporate sector contributed 91.42% to total financing portfolio, which jumped to EGP32.14 bn at the end of 2022, compared to EGP25.68 bn at the end of 2021, achieving a growth rate of 25.13%, and an increase of EGP6.45 bn.
