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Suez Canal Bank pumps EGP 1.33bn in financing to individuals in March 2021 - Daily News Egypt

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Suez Canal Bank pumps EGP 1.33bn in financing to individuals in March 2021

Customer deposits at bank reach EGP 45.887bn in March 2021


The retail banking portfolio (individuals financing) at the Suez Canal Bank (SCB) recorded about EGP 1.33bn in March 2021, up from EGP 1.208bn in December 2020.

The SCB’s personal loan portfolio stood at about EGP 909.9m in March 2021, compared to EGP 842.8m in December 2020.

Meanwhile, its financial data revealed that the total debit current accounts amounted to EGP 393.037m by the end of March 2021, while credit card balances amounted to EGP 27.338m.

At the corporate level, the portfolio of joint loans and facilities recorded about EGP 6.844bn in March 2021, compared to EGP 6.506bn in 2020. The SCB’s portfolio of customer loans and facilities increased to about EGP 19.311bn by the end of March 2021, compared to EGP 17.768bn by the end of 2020.

Customer deposits at the bank reached EGP 45.887bn in March 2021, compared to EGP 44.343bn in 2020. 

Meanwhile, its total assets increased by EGP 56.227bn in March 2021, compared to EGP 54.319bn in 2020.

The SCB reported that its paid-up capital increased from EGP 2bn in 2020, compared to EGP 2.2bn in March 2021.

The bank’s equity recorded about EGP 52.371bn in March 2021, compared to EGP 50.451bn in 2020.

It achieved a net profit of EGP 115.719m in March 2021, compared to EGP 114.350m in March 2020.

The SCB’s profits before income taxes were recorded at EGP 236.081m in March 2021, compared to EGP 230.462m in March 2020.

The return on loans and similar revenues reached EGP 1.038bn in March 2021, compared to EGP 1.134bn in March 2020.

The net income from revenue, fees, and commissions was recorded at EGP 439.613m in March 2021, compared to EGP 422.216m in March 2020.

Topics: Suez Canal Bank

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