SC Bank corporate loans grow by 12.6%, reaching EGP 37.6bn during H1-2024
First Bank
The financial statements of Suez Canal Bank, ending in June 30 2024, revealed that corporate loan portfolio of the bank increased with a growth rate of 12.59%, an increase of EGP 4.21 bn during the first half of the current year.
The total portfolio of corporate loans in the bank reached approximately EGP 37.61 bn by the end of June 2024, compared to EGP 33.40 bn by the end of December 2023.
The bank's Syndicated loans jumped by 31.24% to record EGP 14.35bn by the end of June 2024 compared to EGP 10.93bn by the end of December 2023, with an increase of EGP3.42bn.
Debit current accounts portfolio in the bank experienced a growth of 6.80%, with an increase of EGP 1.32bn during the first half of this year, reaching a value of EGP19.36bn by the end of June 2024, compared to EGP 18.13 bn by the end of December 2023 direct loan portfolio of the bank reaching EGP 3.90 bn by the end of June 2024.
Total loans and facilities for customers increased by 13.36%, reaching EGP 42.07 bn by the end of June 2024, compared to EGP 37.11 bn by the end of December 2023, an increase of EGP4.96bn.
