Suez Canal Bank's personal loans portfolio doubles 19 times in 5 years

The personal loan portfolio has seen record growth in Suez Canal Bank over the past five years, jumping by about 1915.7%, reaching EGP 3.6 bn by the end of 2023, compared to EGP 178.2 mn by the end of 2018, with an increase of EGP 3.4 bn, which means more than 19 times during this period.

Tracking the journey of the Bank's personal loans portfolio during the period under analysis, the highest annual growth rate of the portfolio was recorded in 2019, rising by about 177.1% on an annual basis, recording EGP 493.8 mn by the end of the year, compared to EGP 178.2 mn by the end of 2018, with an increase of EGP 315.6 mn.

While the highest value of the portfolio increased in 2022, with personal loan growth rising by EGP 1 bn, reaching EGP 2.6 bn by the end of the year, up from EGP 1.6 bn by the end of 2021, with a growth of 62.8% on an annual basis.

As for last year's portfolio performance, it jumped by 38.4%, reaching EGP 3.6 bn by the end of 2023, compared to EGP 2.6 bn by the end of 2022, with an increase of EGP 996.7 mn.

It should be noted that the total customer loans of Suez Canal Bank rose by 120.62% during the period under analysis, to record EGP 37.1 bn by the end of 2023, compared to EGP 16.8 bn by the end of 2018.

The bank's corporate loans portfolio rose from EGP 16 bn by the end of 2018, to EGP 33.4 bn by the end of 2023, with a growth of 104.9%, and an increase over EGP 17 bn.

The retail loans portfolio rose by 615.1% during the period under analysis, reaching EGP 3.7 bn by the end of 2023, up from EGP 519.3 x by the end of 2018, with an increase of EGP 3.2 bn.