Suez Canal Bank's investment thought by end of 2022

The financial statements of Suez Canal Bank, which ended in December 2022, revealed a growth in the bank’s total assets at a rate of 30.01%, to record EGP74.667 bn at the end of 2022, compared to EGP57.431 bn at the end of 2021, and an increase of EGP17.236 bn.

By analyzing the investment trends of Suez Canal Bank during the past year, we found that the bank tended to invest its money in granting loans at the expense of financial investments, despite the slight decline in the relative weight of loans at the end of December 2022, compared to December 2021.

Financial investments also witnessed a slight decline in their weight of the total asset portfolio at the end of last December.

Loan portfolio obtained the largest share of investment trends, as it acquired a relative weight of 39.67% of the bank's total assets at the end of December 2022, compared to 40.16% at the end of December 2021.

Loans and facilities to customers increased by a growth rate of 28.41% over the past year, to record EGP 29.617 bn at the end of December 2022, compared to EGP 23.064 bn at the end of December 2021, an increase of EGP 6.553 bn.

While financial investment portfolio ranked second in the bank’s investment trend, as it acquired a relative weight of 32.97% of the bank’s total assets at the end of December 2022, compared to 33.29% at the end of December 2021.

Total financial investment portfolio recorded EGP 24.618 bn at the end of last December, compared to EGP 19.117 bn at the end of December 2021, bringing the total portfolio up by 28.78% over the past year.

Balances with banks constituted the third largest component of the Suez Canal Bank’s asset portfolio, with a relative weight of 10.25% of the bank’s total assets at the end of December 2022, compared to 12.07% at the end of 2021.

Balances with banks increased by 10.40% over the past year, to record EGP 7.655 bn at the end of December 2022, compared to EGP 6.934 bn at the end of December 2021.

Cash and balances of the bank at CBE obtained the fourth largest percentage of the bank’s total assets, at 11.74% at the end of December 2022, compared to 8.57% at the end of December 2021.

Total cash and balances with CBE increased to  EGP 8.769 bn at the end of December 2022, compared to EGP 4.922 bn at the end of December 2021, with a growth rate of 78.16%.

We found that the bank is more inclined to grant credit to corporates at the expense of individuals, as they acquired 91.42% of the bank's total loan portfolio.

Corporate loan portfolio jumped to EGP 29.381 bn at the end of December 2022, compared to EGP23.893 bn at the end of December 2021, achieving a growth rate of 22.97%, and an increase of EGP5.488 bn.

While total individual loan portfolio obtained 8.58% of the bank’s total loans, after a total increase of EGP 968 mn, to record EGP 2.757 bn at the end of last December, compared to EGP1.789 bn at the end of December 2021, with a growth rate of 54.11%.