SC Bank corporate loans grow by 14%, reaching EGP 33.4bn by end of 2023
First Bank
The financial statements of Suez Canal Bank, ending on December 31th, 2023, revealed that corporate loan portfolio of SC Bank increased with a growth rate of 13.7%, an increase of EGP4.02bn during the last year.
corporate loan portfolio reaching EGP 33.40bn by the end of December 2023 Compared to EGP 29.38bn by the end of December 2022.
The Bank's debit current accounts jumped by 38.6% to record EGP 18.13bn by the end of December 2023 compared to EGP 13.08 bn by the end of December 2022, with an increase of EGP 5.05 bn.
Syndicated loan portfolio witnessed a growth rate of 13.8% with an increase of EGP 1.33bn during 2023, recording around EGP 10.93 bn by the end of 2023, compared to EGP 9.61bn by the end of December 2022, While the portfolio of direct loans, reaching EGP 4.34 bn by the end of December 2023.
It is worth noting that Bank’s total customer loan portfolio increased by 15.5%, with an increase of EGP 4.98 bn during the last year, reaching EGP 37.11 bn by the end of December 2023, compared to EGP 32.14 bn by the end of December 2022.
