Latest in Tag: Suez Canal Bank Highlight
Latest in Tag: Suez Canal Bank
Suez Canal Bank net profits jump to EGP 735m in September 2022 with 95% growth
16% growth in total assets to reach EGP 67bn
Suez Canal Bank launches new financing product for SMEs up to EGP 5m
The new product provides financing of up to EGP 5m for SMEs operating in commercial and industrial activities, specially contracting, and activities related to renewable energy. The financing is provided with a special interest rate and a repayment period of up to 5 years.
Suez Canal Bank accepting applications for 4th Launch SaaS
The bank supports start-ups that provide innovative solutions in areas of digital transformation, fintech, and climate change
Suez Canal Bank achieves net profit of EGP 96m in 1Q 2022
Loan portfolio, customer facilities grow by 9%
Suez Canal Bank records 6% by end of 2021
The bank injected EGP 2bn into the initiatives of the Central Bank for Industry, Contracting, and Tourism
Suez Canal Bank adopts effective CSR programmes to serve community: Chairperson
Bank targets to expand its banking, non-banking financial services, accelerate digital transformation process: Hussein Rifai
Suez Canal Bank participates in 2 securitisation issuances worth EGP 200m
The bank participated with EGP 100m in the securitisation issuance of Global Corp, in addition to another operation valued at EGP 95-100m in mortgage finance.
Suez Canal Bank contracts with AFS to supply, operate automated risk management system
The contract was signed by Hussein Rifai, Chairperson and Managing Director of the Bank, Ahmed Radwan, Head of Comprehensive Risk Sector, and Juan Antonio, Managing Director of the AFS.
Suez Canal Bank reports net profits of EGP 377m in September 2021
Bank’s total financial position increased to EGP 57bn in September from EGP 54bn in December 2020, with 5% growth
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
Suez Canal Bank to increase contribution in car replacement initiative, puts SMEs finance plan
Bank’s SMEs portfolio reaches EGP 2bn, retail banking records EGP 1.2bn in 2020, says Chairperson Hussein Refaey
Suez Canal Bank’s PBT exceeds EGP 1bn in 2020
Bank pumps EGP 1.4bn into CBE’s industry support initiative
NBE leads banking alliance to provide EGP 2bn in financing to Oilex
The National Bank of Egypt (NBE) is leading an alliance of banks working in the Egyptian market to arrange an increase in financing for Oilex, an Egypt-based international company for the extraction of multiple forms of oils.
Top 10 Egyptian market banks report EGP 14.661bn in net profits in September
QNB Alahli accounts for 38% of total profits achieved by top 10 banks, recording EGP 5.572bn
Suez Canal Bank achieves 24% growth in net profit before appropriation
Bank records 11% growth in loan portfolio in September 2020
Suez Canal Bank gives financial inclusion top priority: Chairperson
Bank has launched several new products recently as part of ambitious digitisation plans, says Hussein Refaey
Suez Canal Bank reports 31% net profit growth in June
Bank sells its entire stake in MIDOR to EGPC for $30.6m
City Edge, Suez Canal Bank ink mortgage finance protocol
Under protocol, they agree to provide convenient payment plans for customers with real estate developers
Subscription to Suez Canal Bank’s investment fund reaches EGP 338.7m
The oversubscribed offering raised about EGP 338.7m, representing 136% of the targeted capital of EGP 250m, so the allocation of shares will be made according to each subscriber’s contribution.
Suez Canal Bank sells $30.6m in shares to exit MIDOR
Exit process part of bank’s investment policy and comprehensive strategy to restructure its investment portfolio, says Refaei
Suez Canal Bank sells stake in MIDOR for $30.6m
The Suez Canal Bank had owned a total of 560,000 shares, representing 1.27% of MIDOR’s capital.
Suez Canal Bank’s profit reach EGP 542.2m by end of 2019
Deposits up by EGP 5.5bn, loans increase by EGP 1.9bn in one year
Nine private banks in Egypt gain EGP 14.941bn net profits in 1H2019
CIB – Egypt tops the list by EGP 5.355bn profits, QNB Alahli comes second by EGP 4.217bn
Suez Canal Bank aims to focus on investment banking services, non-bank financial services
Bank achieved 12% increase in net profit in Q1 of 2019, rise in financial position to EGP 49.3bn: Refaey
Hussein Elgretly appointed as non-executive member of Suez Canal Bank’s board of directors
The Central Bank of Egypt (CBE) has approved the appointment of Hussein Elgretly as a non-executive member of the board of directors of the Suez Canal Bank, representing the Arab International Bank (AIB). The Suez Canal Bank’s board of directors currently includes Hussein Refaey as chairperson and managing director, and Omar Al Sagheer as vice …
Suez Canal Bank increases branch network by 2 branches to 43
Bank aims to reach out to new customer segments, says bank’s chairperson
Banking alliance arranges EGP 3.1bn worth joint loan for Samcrete Egypt
Coalition includes NBE, Banque Misr, Banque du Caire, SAIB, EDBE, Suez Canal Bank
Nine private, foreign banks in Egypt gain net profits of EGP 25.80bn in 2018
Five banks only earn billions in net profits, other banks acquired under EGP 1bn each
Ridding NPLs is dream of Suez Canal Bank chairperson in 2019
‘We managed to settle EGP 1.5bn of debts in last 18 months’: Refaey
Suez Canal Bank’s financial position stands at EGP 45.3bn end-September: chairperson
Syndicates loans up by EGP 1.8n to EGP 4.8bn, as bank jointly finances 11 loans to strategic, development sectors