SC Bank’s customer loans jump by 163% in 5 years

Suez Canal Bank’s loans portfolio has witnessed a remarkable development over the past five years, with the bank's total customer loans jumping by 163.3%, reaching EGP 44.3 bn by the end of March 2024, compared to EGP 16.8 bn by the end of 2018, with an increase of EGP 27.5 bn during this period.

Tracking the Bank's loans portfolio journey over the period under analysis, it recorded the highest growth rate in 2021, with the portfolio rising by 26.4% on an annual basis, to record EGP 25.7 bn by the end of 2021, compared to EGP 20.3 bn by the end of 2020, with an increase of EGP 5.6 bn.

While the highest annual increase was recorded by the portfolio was in 2022, the portfolio increased by EGP 6.5 bn, registering EGP 32.1 bn by the end of 2022, compared to EGP 25.7 bn by the end of 2021.

As for the portfolio's performance during this year, it rose by 19.3%, reaching EGP 44.3 bn by the end of March 2024, compared to EGP 37.1 bn by the end of 2023, with an increase of EGP 7.2 bn.

In terms of the trends of the loans portfolio of SC Bank over the past 5 years, corporates control 90.75% of the bank's total loans by the end of March 2024, compared to 96.91% by the end of 2018, while retail loans controlled 9.25% of the bank's total loans by the end of Q1 of this year, compared to 3.09% by the end of 2018.

Bank's corporate loans "including SMEs" jumped to EGP 40.2 bn by the end of March 2024, compared to EGP 16.3 bn by the end of 2018, with a growth of 146.5% and an increase of EGP 23.9 bn.

Bank loans to the retail banking sector rose by 688.5% during the period under analysis, exceeding EGP 4 bn by the end of March 2024, compared to EGP 519.3 mn by the end of 2018.

For more details on Suez Canal Bank and its achievements, click more