SC Bank tops fastest growing banks in customer loans during 9M-2024

Suez Canal Bank has significantly expanded the granting of customer loans during this year, reflected in First Bank list of fastest growing banks in total customer loans during the first 9 months of 2024.

The bank's total customer loans  jumped by 49.67% during the first 9 months of this year, reaching 55.547 billion pounds by the end of September 2024, compared to 37.114 billion pounds by the end of 2023, an increase of 18.433 billion pounds.

This strong performance indicates an improvement in the Bank's ability to attract customers and companies, leveraging the growing needs of the market for finance, enhancing its position as a key player in supporting economic growth and providing innovative financing solutions.

Overall, Suez Canal Bank achieved a strong performance during this year, The Bank's net profit rose by 130.07%, registering 3.121 billion pounds during the first 9 months of 2024, compared to 1.356 billion pounds in 2023, with an increase of 1.764 billion pounds, ranking second place on First Bank's list of the fastest growing Bank's in net profits in the first 9 months of 2024.

The customer deposit portfolio rose by 45.76% in the first 9 months of 2024, reaching 107.348 billion pounds by the end of September 2024, compared to 73.647 billion pounds by the end of 2023, with an increase of 33.701 billion pounds.

It finished third on First Bank's list of fastest growing banks in customer deposits during the first 9 months of 2024, while second on the level of banks listed on the Egyptian Stock Exchange.