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Banking alliance grants EGP 5.2B financing for Inertia Egypt's Jefaira project

A banking alliance has successfully concluded a long-term syndicated Islamic financing agreement amounting to EGP 5.2 billion for Inertia Egypt.

Updated 10/21/2025 7:58:00 AM
Suez Canal Bank, Oliv pen EGP 30M credit facility agreement

Suez Canal Bank and Oliv signed a credit facility agreement valued at EGP 30 million to support Egypt’s small and medium-sized enterprises (SMEs)

Updated 10/14/2025 10:13:00 AM
EBRD, GCF, EU sign $50M green financing deal with Suez Canal Bank

The European Bank for Reconstruction and Development (EBRD), Green Climate Fund (GCF), and the European Union (EU) jointly signed their first financing package with Suez Canal Bank at a total value of $50 million (€42.6 million).

Updated 9/9/2025 8:57:00 AM
Suez Canal Bank sees 70.56% YoY higher profits in H1 2025

Suez Canal Bank recorded 70.56% higher net profits after tax at EGP 3.083 billion in the first half (H1) of 2025, compared to EGP 1.807 billion,

Updated 8/7/2025 10:24:00 AM
Suez Canal Bank’s profits soar 114.41% YoY in Q1 2025

Suez Canal Bank’s (CANA) net profits after tax recorded a 114.41% year-on-year (YoY) increase in the first quarter (Q1) of 2025.

Updated 5/12/2025 10:13:00 AM
Suez Canal Bank posts 147.7% higher profits in 2024

Suez Canal Bank (CANA) registered net profits amounting to EGP 5.681 million in 2024

Updated 2/13/2025 10:51:00 AM
Suez Canal Bank unveils issued-capital hike to EGP 6.5B

Suez Canal Bank (CANA) decided to increase its issued capital from EGP 5 billion to EGP 6.5 billion

Updated 12/30/2024 9:50:00 AM
Suez Canal Bank reports 130.07% YoY profit surge in 9 months

Suez Canal Bank (CANA) posted an 130.07% year-on-year (YoY) increase in net profits for the first nine months of 2024.

Updated 11/14/2024 10:22:00 AM
Suez Canal Bank opens digital transformation headquarters in New Cairo

The Suez Canal Bank has launched a new digital transformation headquarters in the Fifth Settlement, New Cairo.

Updated 10/15/2024 1:15:00 AM
Raya Information Technology secures EGP 1.2B in credit facilities from Suez Canal Bank

Raya Information Technology, a subsidiary of Raya Holding for Financial Investments, has signed a cooperation protocol with Suez Canal Bank to receive credit facilities totaling EGP 1.2 billion

Updated 10/10/2024 10:45:00 AM
Suez Canal Bank’s profits soar 143.7% YoY in Q1 2024

Suez Canal Bank’s (CANA) net profits after tax recorded a 143.7% year-on-year (YoY) increase in the first quarter (Q1) of 2024.

Updated 5/13/2024 10:15:00 AM
Suez Canal Bank reports 120.51% YoY profit surge in 2023

Suez Canal Bank (CANA) posted a 120.51% year-on-year (YoY) increase in net profits during 2023, according to the financial income statement filed to the Egyptian Exchange (EGX) on February 29th.

Updated 2/29/2024 12:09:00 PM
EGX approves listing Suez Canal Bank's EGP 400M capital increase

The Egyptian Exchange’s (EGX) listing committee has approved listing the issued and paid-up capital increase of the Suez Canal Bank of EGP 400 million distributed over 40 million bonus shares, or 0.0869-for-1 bonus shares, at a nominal value of EGP 10 per share.

Updated 2/13/2024 9:13:00 AM
Allianz Egypt, Suez Canal Bank partner to expand bancassurance services

Allianz Life Assurance Company Egypt, affiliated with Sanlam Allianz Africa, has signed a five-year partnership agreement with the Suez Canal Bank to widen the scope of its bancassurance services.

Updated 2/5/2024 7:18:00 AM
Suez Canal Bank nods to capital increase via bonus shares distribution

The Suez Canal Bank has decided to increase issued capital by EGP 400 million distributed over 40 million bonus shares, or 0.0869-for-1 bonus shares.

Updated 1/29/2024 11:26:00 AM
Suez Canal Bank targets 20-30% expansion in banking activities during 2024: Chairman

Egypt’s Suez Canal Bank is targeting expanding its banking activities by 20% to 30% in 2024.

Updated 1/22/2024 11:16:00 AM
Suez Canal Bank reports 84.7% YoY profit surge in 9 months

Suez Canal Bank (CANA) posted an 84.7% year-on-year (YoY) increase in net profits for the first nine months of 2023.

Updated 11/14/2023 1:49:00 AM
EGX nods to Suez Canal Bank’s capital increase

The Egyptian Exchange’s (EGX) listing committee has approved listing the issued and paid-up capital increase of Suez Canal Bank (CANA).

Updated 9/27/2023 2:58:00 AM
Suez Canal Bank’s net profits surge 134.5% YoY in H1

The bank's range of banking products includes direct and indirect finance, loans, social funds, deposits, savings, credit cards, issuance of letters of guarantee, and other Islamic banking services, in addition to technical, economic, financial, administrative, and consultative services.

Updated 8/14/2023 10:08:00 AM
Suez Canal Bank gets FRA’s nod to capital increase

The Financial Regulatory Authority (FRA) has approved publishing the disclosure form submitted by the Suez Canal Bank’s board to raise its issued and paid-up capital by EGP 400 million.

Updated 7/26/2023 11:20:00 AM