Suez Canal Bank tops listed banks in focusing on corporate loans by end of 2022

Suez Canal Bank's corporate finance obtained the highest relative weight of 91.42% of its total loans portfolio

The bank’s corporate loans portfolio jumped by 22.97%, to reach EGP 29.38 bn at the end of last year, compared to EGP23.89 bn at the end of 2021, an increase of EGP5.49 bn

Direct loans jumped by 70.30%, to reach EGP 6.69 bn at the end of 2022, compared to EGP 3.93 bn at the end of 2021, an increase of EGP 2.76 bn.

Syndicated loans rose to EGP 9.61 bn by the end of 2022, compared to EGP 8.24 bn by the end of 2021, achieving a growth rate of 16.56%, and an increase of EGP1.37 bn

Debit current accounts increased by 11.60%, to record EGP13.08 bn at the end of 2022, compared to EGP11.72 bn at the end of 2021, an increase of EGP1.36 bn.

Total loans portfolio rose to EGP32.14 bn by the end of 2022, compared to EGP25.68 bn by the end of 2021, achieving a growth rate of 25.13%, and an increase of EGP6.45 bn.

Suez Canal Bank achieved good performance during 2022, as it strengthened its financial position, reaching EGP74.67 bn by the end of 2022, compared to EGP57.43 bn by the end of 2021, achieving a growth rate of 30.01%, and an increase of EGP17.24 bn

Deposit portfolio increased by 30.08%, to reach EGP 65.80 bn at the end of 2022, compared to EGP 50.59 bn at the end of 2021, an increase of EGP15.22 bn.

Net profits recorded EGP1.04 bn in 2022, compared to EGP 604.68 mn in 2021, an annual growth rate of 72%, and an increase of EGP435.36 mn.