Suez Canal Bank’s PBT exceeds $63.7mln in 2020

SectorFinancial Services

Meanwhile, the cost of deposits and similar costs amounted to about EGP 2.734bn compared to EGP 3.713bn in the comparison period. The net income from interests was about EGP 1.553bn, compared to EGP 1.245bn.SCB’s loan and customer facilities portfolio recorded about EGP 17.768bn in 2020, compared to EGP 15.372bn in 2019. Meanwhile, customer deposits amounted to about EGP 44.343bn compared to EGP 44.181bn.The bank’s total assets increased to EGP 54.319bn in 2020, compared to EGP 52.016bn in 2019, and total equity recorded about EGP 3.867bn compared to EGP 3.308bn.Total bank balances amounted to about EGP 10.713bn, whilst total cash and balances with the Central Bank of Egypt (CBE) recorded about EGP 1.412bn. The bank’s investments in Treasury bills (T-bills) and government securities amounted to EGP 6.467bn in 2020, compared to EGP 8.535bn in 2019.The SCB’s joint loans portfolio recorded about EGP 6.5bn in 2020, compared to EGP 5.7bn in 2019, with a growth rate of 14%.This growth followed more...