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, according to a bourse filing on Sunday.

Meanwhile, the company's board has recommended distributing bonus shares at 0.182 shares for every original share.

It is noteworthy to mention that in the first half (H1) of 2021, the bank achieved net profits of EGP 240.84 million, an increase of 7.5% year-on-year (YoY) from EGP 223.9 million.