Suez Canal Bank Tops listed Banks in Focusing on Corporate loans by the end of 2023
First Bank
Suez Canal Bank continued its growing interest in the corporate sector, which was clearly reflected in leading First Bank list of top listed banks in focusing on corporate loans as the bank's loans recorded the highest relative weight of 90% of its total customer loans by the end of 2023.
SC Bank maintained its position since it also ranked first on First Bank list of top listed banks in focusing on corporate loans by the end of 2022.
The Bank's corporate loans portfolio, including Corporate and Business Banking, rose by 13.7% over the past year, to reach EGP 33.4 bn by the end of 2023, compared to EGP 29.4 bn by the end of 2022, with an increase of over EGP 4 bn.
Its total customer loans rose to EGP 37.1 bn by the end of last year, registering EGP 32.1 bn by the end of 2022, with a growth of 15.5%, and an increase of almost EGP 5 bn.
Although Suez Canal Bank pays great attention to corporates, it does not neglect the retail banking sector as it continues to make remarkable progress, as evidenced by the continued growth of its retail loans portfolio.
The Bank's loans for the retail banking sector jumped from EGP 2.8 bn by the end of 2022, to EGP 3.7 bn by the end of 2023, with a growth of 34.7% on an annual basis.
