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Suez Canal Bank covers 15 bonds, sukuk issues of EGP 2.8B

Suez Canal Bank covers 15 bonds, sukuk issues of EGP 2.8B

ArabFinance:  Suez Canal Bank (CANA) issued 15 bonds and sukuk worth EGP 2.8 billion, Amwal Al Ghad reported.

The joint loan portfolio of the bank jumped 14% Year on Year to EGP 6.5 billion in 2020, compared to EGP 5.7 billion in 2019.

On a yearly basis, the bank reported an 11% increase in its profit in 2020, recording EGP 601.66 million.

The bank’s yield rose to EGP 1.55 billion by December 31st 2020, compared to EGP 1.24 billion in the corresponding period a year ago.

Suez Canal Bank is an Egypt-based company engaged in providing corporate, retail, and investment banking products and services.

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.

 

 

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