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Suez Canal Bank (CANA) reported a strong financial performance for the first half of 2026, recording a net profit of EGP 3.63 billion, compared to EGP 3.08 billion in the first half of 2025, representing a 17.7% year-on-year increase.

The Bank’s performance came against a macroeconomic backdrop characterized by easing inflation and a cumulative 500 basis points reduction in domestic policy rates since June 2025. During H1 2026, net interest income increased by 47.4% year-on-year to reach EGP 5.70 billion, compared to EGP 3.87 billion in H1 2025, while net banking income increased by 41.1% to EGP 8.54 billion, compared to EGP 6.05 billion.

During Q2 2026, the Bank recorded net interest income of EGP 3.1 billion, reflecting a year-on-year growth of 41.8%, while net profit reached EGP 1.99 billion, representing a year-on-year increase of 12.3%.

The Bank’s financial performance was supported by strong balance sheet growth during the first half of the year. Total assets increased by 13.6% from EGP 270.1 billion at the end of December 2025 to EGP 307 billion as of June 2026.

Customer deposits increased by 14.3%, reaching EGP 238.9 billion as of June 2026, compared to EGP 209.0 billion at year-end 2025. Deposit growth was primarily driven by local currency funding, which increased by 19.3% to EGP 171.9 billion, raising its contribution to total customer deposits to 72%, compared to 69% at year-end 2025.

The Bank also achieved a more diversified deposit mix, supported by strong momentum in retail deposits. Retail deposits increased by 61.5% to EGP 60.3 billion, accounting for 25.2% of total customer deposits, compared to 17.9% at year-end 2025.

Meanwhile, corporate deposits increased by 4.0% to EGP 178.7 billion, representing 74.8% of total deposits. This growth reflects the Bank’s continued focus on building a diversified and resilient funding base capable of supporting balance sheet expansion and growing credit demand.

On the lending side, net customer loans increased by 10.8% to reach EGP 135.6 billion as of June 2026. Local currency loans increased by 11.1% to EGP 119.2 billion, while foreign currency loans grew by 8.9% to EGP 16.4 billion.

Growth was primarily driven by the corporate portfolio, which expanded by 10.1% to EGP 122.8 billion, accounting for approximately 91% of total customer loans. Retail lending also grew by 17% to EGP 13.3 billion, representing approximately 10% of the Bank’s total loan portfolio. This reflects the Bank’s continued development of its retail banking proposition alongside its established corporate franchise.

Strong earnings generation, disciplined balance sheet expansion and resilient margins translated into a Return on Average Equity (ROAE) of 33.42% and a Return on Average Assets (ROAA) of 2.52% as of June 2026.

The Bank maintained comfortable capitalization levels, with its Capital Adequacy Ratio (CAR) standing at 18.02%, while the leverage ratio strengthened to 6.57%, compared to 6.43% at year-end 2025. The Bank also completed an increase in paid-up capital to EGP 10 billion, compared to EGP 6.5 billion, while shareholders’ equity increased by 14.3% to EGP 23.2 billion, compared to EGP 20.27 billion at the end of December 2025.

Commenting on the results, Mr. Akef El Maghraby, CEO and Managing Director of Suez Canal Bank, said that the Bank’s performance reflects the successful implementation of its strategy to achieve sustainable and balanced growth by strengthening its various business sectors and developing banking solutions that are more closely connected with customers’ needs, the nature of their businesses and their aspirations.

He added that the Bank continues to invest in digital transformation and geographical expansion, enhancing its ability to reach a wider customer base and strengthen its market share in the banking sector.

The Bank’s performance reflects its vision of providing integrated banking solutions centered on customers and designed to meet their diverse needs, from personal and day-to-day requirements through savings, investment and financing solutions to the needs of businesses and companies. This approach enhances customer experience and strengthens Suez Canal Bank’s position as an integrated banking partner supporting sustainable growth.

During the first half of 2026, Suez Canal Bank continued to strengthen its position as an integrated banking and investment partner for companies by offering a diversified range of banking and investment solutions and services. These include corporate finance, as well as the structuring, arranging and underwriting of syndicated and structured financing and debt instruments.

These solutions played a key role in meeting the financing and liquidity needs of companies and major projects, supporting their growth and expansion plans, particularly across key economic and strategic sectors.

The Bank also extended its approach to business owners and high-net-worth “Affluent” customers by addressing their financial, investment and personal needs. In this context, the Bank launched Privé as part of its Affluent & Private Banking services, offering an integrated banking experience combining privacy, premium banking services, and financial and investment solutions tailored to customers’ needs.

Suez Canal Bank also continued to develop a diverse range of products for Private and Affluent customers, including certificates of deposit and savings accounts in various currencies, in addition to a range of financing solutions with flexible and competitive repayment terms.

The Bank further enhanced its wealth management services through its partnership with Art D’Egypte, integrating art investment advisory services into Privé and providing customers with access to financing solutions for acquiring artworks.

In addition, the Bank launched its exclusive Voyage travel program for Visa Signature, Visa Infinite and Visa Infinite Privilege cardholders, offering a more comfortable and seamless travel experience through a range of benefits and services tailored to Elite Star and Privé customers.

As part of its support for large corporate and business owners, Suez Canal Bank continued to support small and medium-sized enterprises (SMEs) as one of the key drivers of economic growth by connecting them with financing and banking solutions tailored to their needs and different stages of growth.

This included launching an integrated digital financing journey for small businesses to help accelerate financing procedures and enhance the customer experience, in addition to offering specialized programs for vital sectors, including financing for doctors and medical centers, as well as flexible and innovative financing solutions to support the needs, growth and expansion plans of medium-sized companies.

In parallel, the Bank continued to expand its Payroll services, providing business owners and companies with easier and more efficient solutions for managing and transferring salaries. These services enable customers to benefit from integrated solutions that start with salary transfers and bank accounts and extend to financing facilities, cards, savings and investment solutions, strengthening Suez Canal Bank’s position as an integrated banking partner throughout the different stages of customers’ lives.

The Bank also continued to expand its digital solutions for individuals and companies to meet the personal and professional needs of its various customer segments, providing faster and easier access to different banking services and transactions.

These initiatives included enhancing its mobile banking application, launching instant transfer services, and launching corporate internet banking, enabling companies to manage their daily transactions easily and flexibly, anytime and anywhere. The Bank also adopts applications powered by artificial intelligence to support operational efficiency and enhance the customer experience.

This expansion supports the Bank’s strategy to promote financial inclusion and extend the reach of its services to wider geographical areas and customer segments. During the first half of 2026, Suez Canal Bank opened Sohag and Zamalek Club branches, bringing its branch network to 57 branches across different governorates and strengthening the integration between its geographical presence and digital channels.

In terms of sustainability and sustainable finance, the Bank established an integrated Environmental and Social Management System (ESMS) in line with international standards, which will contribute to integrating environmental and social considerations into its financing activities.

The Bank also published its 2025 Sustainability Report as part of its commitment to disclosure and transparency and developed and published a Supplier Code of Conduct to promote Environmental, Social and Governance (ESG) principles across its supply chain.

The number of the Bank’s premises certified under the international EDGE Advanced certification has reached seven locations. In sustainable finance, the Bank also completed financing transactions for energy efficiency projects under the GEFF Egypt II program.

The Bank also strengthened its role in corporate social responsibility, implementing around 12 community initiatives and projects during the first half of 2026, with an impact covering healthcare, education, economic empowerment and social solidarity. These efforts reflect the Bank’s commitment to strengthening its social role in line with the Central Bank of Egypt’s directions and Egypt Vision 2030.

The Bank’s efforts also extended to investing in human capital and developing professional capabilities. In this regard, Suez Canal Bank received the Association of Chartered Certified Accountants (ACCA) “Approved Employer” accreditation, an international recognition that reflects the adoption of best practices in professional development and the promotion of a culture of continuous learning.

The Bank’s efforts during the first half of 2026 were recognized with around 21 awards and recognitions from several local, regional and international institutions.

Key Financial Highlights – H1 2026

Indicator| H1 2025| H1 2026| YoY Change

Net Profit| EGP 3.08 Bn| EGP 3.63 Bn| 17.7%

Net Interest Income| EGP 3.87 Bn| EGP 5.70 Bn| 47.4%

Net Banking Income| EGP 6.05 Bn| EGP 8.54 Bn| 41.1%

Earnings Per Share| EGP 2.71| EGP 3.19| —

Balance Sheet Performance

Indicator| Dec. 2025| June 2026| YTD Change

Total Assets| EGP 270.1 Bn| EGP 307.0 Bn| 13.6%

Corporate Deposits| EGP 171.7 Bn| EGP 178.7 Bn| 4.0%

Net Customer Loans| EGP 122.4 Bn| EGP 135.6 Bn| 10.8%

Shareholders’ Equity| EGP 20.27 Bn| EGP 23.2 Bn| 14.3%