Mubasher TV
Contact Us Advertising   العربية

Suez Canal Bank generates higher net profits at EGP 3bn in H1-25

Suez Canal Bank generates higher net profits at EGP 3bn in H1-25
Photo Archive
Suez Canal Bank
CANA
-0.64% 24.82 -0.16

Cairo - Mubasher: The net profits of Suez Canal Bank reached EGP 3.08 billion in the first half (H1) of 2025, marking a year-on-year (YoY) jump from EGP 1.80 billion in H1-24.

The EGX-listed bank posted higher net interest income at EGP 3.86 billion in H1-25, compared to EGP 2.54 billion in H1-24, as per the financial results. 

The earnings per share (EPS) grew to EGP 4.17 as of 30 June 2025 from EGP 2.45 in the corresponding period of 2024.

Financials for Q2

In the second quarter (Q2) of 2025, the bank logged EGP 1.77 billion in net profits, an annual hike from EGP 1.19 billion.

Net interest income surged to EGP 2.18 billion in April-June 2025 from EGP 1.45 billion in Q2-24, while the EPS grew to EGP 2.40 from EGP 1.62.

In December 2024, Suez Canal Bank sold its shares in four subsidiaries for a combined total of EGP 142 million.