Suez Canal Bank AGM Approves 2025 Results, Highlights Robust Financial Performance and Accelerated Growth
The Ordinary General Assembly of Suez Canal Bank convened on Wednesday, March 18, 2026, chaired by Amr Tantawy, Chairman of the Board, with Akef Al-Maghraby, CEO and Managing Director, board members, and shareholders in attendance. The assembly approved the bank’s financial statements for the fiscal year ending December 31, 2025.
“2025 results reflect the strength of the bank’s financial position and the success of our strategy in achieving balanced growth,” said Amr Tantawy, Chairman of the Board. “The board remains committed to supporting expansion plans and enhancing operational and technological capabilities to ensure sustainable growth. I am confident in the executive management team’s ability to achieve further accomplishments in the coming period.”
Akef Al-Maghraby, CEO and Managing Director, added: “Our strong 2025 performance reflects the dedicated efforts across all sectors of the bank and the successful execution of our strategic plan. I extend my gratitude to the board, executive management, staff, shareholders, and partners for their continuous support, enabling these results. We remain confident in our ability to continue growing and expanding our market position in the Egyptian banking sector.”
Financial Highlights:
Net Profit: EGP 6.4 billion in 2025, up 13% from EGP 5.7 billion in 2024.
Net Interest Income: EGP 8.6 billion, a 56% increase from 2024.
Total Assets: EGP 270 billion, up 50% from EGP 180 billion.
Deposits: EGP 209 billion, a 54% increase from EGP 135 billion.
Loans Portfolio: EGP 122 billion, up 63% from EGP 75 billion, including corporate loans growth of 60% and retail banking growth of 114%.
Corporate and International Banking Expansion:
The bank strengthened its role in financing vital sectors such as infrastructure, manufacturing, energy, tourism, and fintech, with total corporate loans exceeding EGP 115 billion (+56%). Deposits from corporate clients reached EGP 172 billion (+50%), supported by 160 new clients.
The bank led 8 syndicated and structured financing deals worth EGP 14.5 billion, including 3 structured finance deals worth EGP 3.1 billion, and executed its first portfolio purchase valued at EGP 2 billion. Internationally, the bank established a dedicated office for Chinese companies in cooperation with the TEDA region and signed an MoU with the Chinese payment system CIPS.
Retail Banking Growth and Digital Transformation:
Retail loans increased 114%, individual deposits +77%, client base +23%.
Credit card portfolio +86%, ATM transactions +31%.
Digital adoption reached 24% (up from 3%), digital usage 69% (up from 44%).
Launch of Click, a digital financing platform for SMEs, and progress on Corporate Mobile Application.
Sustainability and CSR:
The bank expanded sustainable financing and community initiatives, supporting SMEs, women entrepreneurs, healthcare, education, and social solidarity projects. In 2025, the bank implemented 12 major community initiatives benefiting over 3,765 direct recipients and thousands more through state-aligned programs.
The bank received 6 awards for corporate social responsibility and over 40 awards for excellence, including notable recognition in Forbes Middle East and Financial Times’ Fastest-Growing Companies in Africa lists.
