Suez Canal Bank receives Fastest Growing Large Corporate Finance Bank Award 2023
IBM International Business Magazine recently announced that Suez Canal Bank won Fastest Growing Corporate & corporate Finance award. This reflect dedication, hard work and innovative strategies implemented by Suez Canal Bank team over the past years.
The corporate banking sector in general is highly competitive, Suez Canal Bank affirms its commitment to providing exceptional services to its customers, and achieving remarkable growth in a short period in various governmental, private and multinational sectors.
The bank's strategy adopts investment in technology and human capital, a forward-thinking bank that adapts to changes and responds quickly to the varying needs of customers. The bank's ability to use technology has resulted in faster, more efficient operations and excellent customer service with a strong focus on sustainability and green finance initiatives.
In addition, the bank's experts made efforts to implement the bank's growth strategy; They have been working tirelessly to provide innovative solutions that meet the unique needs of customers, and acquired the Bank a distinct position in the banking sector and the market in general.
Al Haytham El Kobbrosly, Head of Corporate Finance & Investment Banking. Suez Canal Bank, said that the award proves the success of the team work plan to achieve the bank’s strategy, and its pioneering role in advancing the national economy, noting that the size of facilities and direct loans portfolio has been doubled in addition to syndicated loan portfolio in the last two years to record EGP 17.6 bn in 2022, compared to about EGP 8 bn in 2020.
El Kobbrosly stressed that the bank is keen to diversify its funding for various economic sectors such as industry, services, contracting, agriculture, real estate and tourism, which contributed to distribute risks, diversify the bank's portfolio clients and reduce risk rates.
Hussein Rifai, Chairman and Managing Director of the Suez Canal Bank, said:" winning the award for Fastest Growing in Large Corporates Finance is clear evidence of the bank's commitment to excellence, and it is an achievement that we are proud to share with our customers. This award motivates us to continue providing the highest levels of services, while providing added value to our customers, and achieving sustainable growth.
Rifai added:" we express our gratitude to all our customers for their continued trust and support, and we look forward to building on this success in the coming years.
It is worth noting that Dubai-based IBM International Business Magazine organizes the annual awards ceremony to honor major corporates in the Middle East, Africa, Europe, Asia and Americas.
