Suez Canal Bank SAE (CANA)

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News

13 January 2025 09:08 AM MAFI’s new industrial complex targets global markets; major banking alliance leads financing

Cairo - Mubasher: MAFI Agricultural Produce Industries secured long-term joint financing of $108 million from an alliance led by Banque Misr, Suez Canal Bank and Al Baraka Bank-Egypt. MAFI also obtained $72 million through equity investments from …

Banking and Finance

2 January 2025 05:28 PM EFG Hermes concludes advisory on CIRA university’s EGP 500m bond issue; listed banks included

Cairo – Mubasher: The investment banking division of EFG Hermes, an EFG Holding company, has completed advisory on a future cash flow securitisation issue for Badr University in Assiut (BUA), one of Cairo For Investment And Real Estate …

Companies Investments

31 December 2024 05:17 PM EFG Hermes closes advisory on Premium Card’s EGP400m issue

Cairo – Mubasher: EFG Hermes, an EFG Holding Company and MENA’s leading investment bank, has concluded advisory on the EGP 400 million securitised bond issue for Premium International for Credit Services, known as Premium Card. The transaction …

Bonds

2 December 2024 01:55 PM Suez Canal Bank exits 4 subsidiaries for EGP 142m

Cairo – Mubasher: Suez Canal Bank sold its shares in four subsidiaries at a combined value of EGP 142 million, according to a bourse filing. The lender sold a total of 39.66% of Al Shorouk Industrial Fibers Company’s (Al Sharif Market) shares.  It …

Companies Investments

10 October 2024 03:32 PM Raya Information secures EGP 1.2bn loan from Suez Canal Bank

Cairo – Mubasher: Suez Canal Bank inked a cooperation protocol with Raya Information Technology, a subsidiary of Raya Holding for Financial Investment, according to a press release. The unit will obtain credit facilities amounting to EGP 1.20 …

Companies Investments

25 August 2024 10:59 AM SCA hikes stake in Suez Canal Bank for EGP 239m

Cairo – Mubasher: Suez Canal Authority (SCA) increased its equity ownership in Suez Canal Bank to 3.42% from 0.001%, according to a bourse disclosure. SCA purchased 15.76 million shares in the EGX-listed lender for EGP 238.87 million, at an …

Companies Investments

15 August 2024 01:34 PM Suez Canal Bank logs EGP 1.8bn net profits in H1-24

Cairo – Mubasher: Suez Canal Bank recorded consolidated net profits amounting to EGP 1.80 billion in the first half (H1) of 2024, compared to EGP 628.04 million in H1-23. Net interest income reached EGP 2.54 billion as of 30 June 2024, up …

Financial Results

13 May 2024 03:08 PM Suez Canal Bank’s profit soars to EGP 611m in Q1-24

Cairo – Mubasher: Suez Canal Bank’s net profit surged to EGP 611.24 million in the first quarter (Q1) of 2024 from EGP 250.86 million in the same quarter a year earlier. Net interest income jumped to EGP 1.09 billion in Q1-24 from EGP 707.24 …

Banking and Finance

3 March 2024 10:54 AM Suez Canal Bank registers higher profits in 2023, capital hike proposal

Cairo – Mubasher: Suez Canal Bank achieved EGP 2.29 billion in net profit after tax during 2023, an annual growth from EGP 1.04 billion. Net interest income amounted to EGP 3.24 billion as of 31 December 2023, marking a year-on-year (YoY) hike …

Board of Directors

5 February 2024 11:24 AM Allianz Egypt partners with Suez Canal Bank to foster bancassurance services

Cairo - Mubasher: Allianz Life Assurance Company Egypt penned a five-year partnership agreement with Suez Canal Bank to boost the company’s bancassurance services.  The deal covers life insurance services to enable the firm to meet the clients’ …

Banking and Finance

15 November 2023 00:35 PM Suez Canal Bank’s profits leap to EGP 1.35bn in 9M-23

Cairo – Mubasher: Suez Canal Bank generated net profits after tax worth EGP 1.35 billion in the first nine months (9M) of 2023, versus EGP 734.75 million in 9M-22. Net interest income enlarged year-on-year (YoY) to EGP 2.33 billion in …

Financial Results

17 August 2023 08:44 AM Suez Canal Bank generates EGP 628m profits in H1-23

Cairo – Mubasher: The consolidated net profits after tax of Suez Canal Bank EGP 628.04 million in the first half (H1) of 2023, an annual hike from EGP 267.83 million. The net interest income soared to EGP 1.48 billion in H1-23 from EGP 825.77 …

Banking and Finance

27 July 2023 00:35 PM FRA greenlights Suez Canal Bank’s capital raise

Cairo – Mubasher: The Financial Regulatory Authority (FRA) granted its nod for Suez Canal Bank to proceed with the capital raise measures.    The EGX-listed lender plans to increase its issued and paid-up capital by EGP 400 million to EGP 5 …

Banking and Finance

30 May 2023 03:07 PM Suez Canal Bank’s net profits near EGP 251m in Q1-23

Cairo – Mubasher: Suez Canal Bank generated EGP 250.86 million in net profit after tax during the first quarter (Q1) of 2023, an annual leap from EGP 96.27 million. The lender posted net income amounting to EGP 707.24 million during the …

Financial Results

1 March 2023 01:33 PM Suez Canal Bank registers over EGP 1bn profits in 2022; bonus shares unveiled

Cairo – Mubasher: The net profits after tax of Suez Canal Bank hiked to EGP 1.04 billion in 2022, compared to EGP 604.67 million in 2021. The interest income amounted to EGP 1.89 billion during January-December 2022, an annual growth from EGP 1.52 …

Banking and Finance

17 November 2022 02:51 PM Suez Canal Bank posts 95% higher profits in 9M-22

Cairo – Mubasher: Suez Canal Bank posted a 94.90% leap in its net profits during the first nine months (9M) of 2022 at EGP 734.75 million, compared to EGP 376.97 million in the year-ago period. Earnings per share (EPS) recorded EGP 2.23 in 9M-22, …

Banking and Finance

15 August 2022 02:27 PM Suez Canal Bank’s profit rises to EGP 267.8m in H1-22

Cairo – Mubasher: Suez Canal Bank posted a net profit of EGP 267.83 million during the first half (H1) of 2022, up from EGP 240.83 million in the corresponding period in 2021.  Earnings per share (EPS) came in at EGP 0.81 in H1-22, compared to EGP …

Financial Results

31 May 2022 04:48 PM Suez Canal Bank's profits retreat in Q1-22

Cairo – Mubasher: Suez Canal Bank has recorded net profits of EGP 96.27 million in the first quarter (Q1) of 2022, lower than EGP 115.71 million. The net interest income went up to EGP 451.83 million in the January-March period of 2022, compared …

Financial Results

27 March 2022 11:22 AM Suez Canal Bank's OGM nods to capital raise via bonus shares

Cairo – Mubasher: The ordinary general meeting (OGM) of Suez Canal Bank has approved to raise capital via a bonus share issuance of EGP 695.67 million or 0.23 shares for every original share. The issued capital will increase to EGP 3.6 billion …

Management Decisions

20 February 2022 00:38 PM Suez Canal Bank sees higher profits; bonus shares proposed

Cairo – Mubasher: The net profits of Suez Canal Bank increased to EGP 604.67 million in 2021, compared to EGP 601.64 million in the earlier year. The bank's net interest income rose to EGP 1.52 billion last year from EGP 1.55 billion in 2020, …

Financial Results

15 August 2021 03:29 PM Suez Canal Bank's profit rises 7.5% in H1-21

Cairo – Mubasher: Suez Canal Bank achieved net profits of EGP 240.84 million in the first half (H1) of 2021, an increase of 7.5% year-on-year (YoY) from EGP 223.9 million. The bank's net interest income edged up to EGP 763.5 million in the …

Financial Results

11 May 2021 10:56 AM Suez Canal Bank reports EGP 116m profit in Q1

Cairo – Mubasher: Suez Canal Bank generated EGP 115.72 million in net profits during the first quarter (Q1) of 2021, slightly up from EGP 114.35 million in the year-ago period. The bank’s net income from interest, fees, and commissions increased …

Banking and Finance

11 April 2021 03:47 PM SCZone inks EGP 10bn syndicated loan agreement with six banks

Cairo – Mubasher: The Chairman of Suez Canal Economic Zone (SCZone), Yehia Zaki, signed a long-term syndicated loan agreement with a consortium led by the National Bank of Egypt (NBE) as the senior mandated lead arranger, facility agent, and …

Macroeconomics

8 April 2021 04:44 PM Suez Canal Bank cuts stake in Mohandes Insurance for EGP 33m

Cairo – Mubasher: Suez Canal Bank reduced its stake in Mohandes Insurance to 0.00007% from 3.06%. The transaction involved the sale of 2.29 million shares for EGP 33.33 million, averaging EGP 14.55 per share, according to a statement to the …

Insider Trading & Treasury Stocks

1 April 2021 11:51 AM Suez Canal Bank's shareholders approve issuing bonus shares

Cairo – Mubasher: The ordinary general meeting (OGM) of Suez Canal Bank approved the issuance of bonus shares worth EGP 704.32 million or EGP 0.32 per share. Accordingly, the bank’s issued capital will be increased to EGP 2.9 billion from EGP 2.2 …

General Assembly