Hussein Refaie has led the Suez Canal Bank into its golden age. For five years, the bank has succeeded to beco

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Hussein Refaie

Chairman & Managing Director Suez Canal Bank

Years of Experience | 40
Hussein Refaie has led the Suez Canal Bank into its golden age. For five years, the bank has succeeded to become one of the fastest growing banks in the Egyptian market; a preferred destination for the corporates; provide VIP services for most valued clients; become a leading player in the market of syndicated loans; shift from losses to profitability. Refaie along with his team has contributed to creating a new identity for the Suez Canal Bank through a strategy that left no room for chance. He received his undergraduate degree from Ain Shams University, an MBA from Thunderbird School of Global Management and CPA (Certified Public Accountant) from Washington Board of Accountancy.

Career History

1984
He joined Société Générale as Credit officer
1987
He joined CitiBank as Assistant Financial Controller
1990
Deputy Finance Director at Fujitsu
1995
Senior Finance Director at Bristol-Myers Squibb
2001
Chief Financial Officer at CitiBank
2004
Chief Financial Officer at Barclays
2008
Refaie joined National Bank of Egypt in 2008 as the Chief Financial Office
2015
Refaie was appointed as an Executive Board Member of National Bank of Egypt and overlooking Treasury and Financial Institutions.
2017
Chairman and Managing Director at Suez Canal Bank

Hussein Refaie Achievements

177.23%
assets growth
Suez Canal Bank’s assets portfolio has increased from 31.431 billion Egyptian pounds by the end of 2016 to 87.137 billion pounds by the end of June 2023; achieving an extraordinary leap of 177.23%.
120.14%
Loans portfolio growth
The bank’s loans portfolio has increased from 16.01 billion Egyptian pounds by the end of 2016 to 35.246 billion pounds by the end of June 2023 with a growth rate of 120.14%.
202.38%
Deposits growth
The bank’s deposits portfolio has increased from 24.120 billion Egyptian pounds by the end of 2016 to 72.936 billion pounds by the end of June 2023; increasing by 202.38%.
838.91%
Retail loans growth
The bank’s retail loans portfolio has increased from 348.886 million Egyptian pounds by the end of 2016 to 3.275 billion pounds by the end of June 2023; increasing by 838.91%.
104.13%
Corporate loans growth
The bank’s Corporate loans portfolio has increased from 15.661 billion Egyptian pounds by the end of 2016 to 31.970 billion pounds by the end of June 2023; increasing by 104.13%.
216.49%
Retail deposits growth
The bank’s retail deposits portfolio has increased from 5.660 billion Egyptian pounds by the end of 2016 to 14.512 billion pounds by the end of June 2023.
216.49%
Corporate deposits growth
The bank’s retail deposits portfolio has increased from 18.459 billion Egyptian pounds by the end of 2016 to 58.424 billion pounds by the end of June 2023.

Prizes

2021
Suez Canal won the award for the best bank in terms of quality of online banking services from the World Union of Arab Bankers.
2020
The Bank got the “Best Deals “award in emerging market in Middle East and Africa by EMEA Finance.
2019
The bank was nominated in the Top 50 Listed Companies in Egypt by Forbes