Personal loans account for 97% of SC Bank's retail portfolio by the end of June 2024

The financial statements of Suez Canal Bank, which ended on June 30, revealed the growth of the bank's personal loan portfolio at a growth rate of 20.6% and an increase of EGP 738 mn during H1 of this year, reaching EGP 4.33 bn by the end of June 2024, compared to 3.59 bn by the end of December 2023, and acquiring 96.95% from the bank's retail loan portfolio by the end of June.

The volume of the retail loan portfolio grew by 20.28% and increased by EGP 753 mn during the first half of this year, reaching EGP 4.47 bn by the end of June 2024, compared to 3.71 bn by the end of December 2023.

The size of the Bank's credit card portfolio jumped by 68.1%, with an increase of about EGP 32.6 mn during the first half of this year, registering about EGP 80.6 mn by the end of June 2024, compared to 48 mn by the end of December 2023, and the size of the debit current accounts portfolio was about EGP 55.8 mn by the end of June 2024.

The total portfolio of customer loans increased by 13.4% and an increase of about EGP 4.96 bn during the first half of this year, registering about EGP 42.07 bn by the end of June 2024, compared to 37.11 bn by the end of December 2023.