Suez Canal Bank has posted an impressive 62% profit growth for September 2025, reporting a net profit of EGP 5 billion, compared to EGP 3.1 billion during the same period last year. The strong performance can be attributed to a significant rise in net interest income, which jumped by 58% to reach EGP 6.2 billion.
Key Drivers Behind Suez Canal Bank’s Profit Growth
The Suez Canal Bank profit growth was driven by a 29% increase in total assets, which reached EGP 231.5 billion in September 2025, up from EGP 180 billion in 2024. This surge in assets was largely supported by a 33% increase in customer deposits, which climbed to EGP 179.6 billion.
Net equity also saw substantial growth, reaching EGP 18.7 billion, a 35% increase from the previous year. Suez Canal Bank’s expansion in lending activities played a key role in its financial results, with the net loan portfolio and customer facilities growing by 40%, reaching EGP 105 billion, up from EGP 75 billion in 2024.
Bank’s Expansion and Green Financing Initiatives
Suez Canal Bank’s loan portfolio saw an impressive 82% growth in retail loans, which reached EGP 9.7 billion, compared to EGP 5.3 billion in 2024. The expansion is reflective of the bank’s focus on a diversified financing approach, targeting key sectors such as agriculture, real estate, financial services, and tourism.
Additionally, the bank secured $50 million in financing from the International Finance Corporation (IFC) to refinance micro, small, and medium enterprises (MSMEs). This initiative is expected to create thousands of jobs and foster economic growth in Egypt. As part of this partnership, IFC will help Suez Canal Bank develop environmental and social systems aligned with global best practices, supporting the bank’s green and sustainable transformation.
