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 million in H1-22, according to the interim consolidated financial results.
Earnings per share (EPS) hit EGP 1.54 in H1-23, up year-on-year (YoY) from EGP 0.66.
Total assets stood at EGP 87.13 billion as of 30 June 2023, while clients’ deposits reached EGP 73.93 billion.
Financials for Q2-23
During the second quarter (Q2) of 2023, the lender posted a YoY jump in net profit after tax to EGP 377.17 million, compared to EGP 171.55 million.
The net interest income hiked to EGP 774.68 million in Q2-23 from EGP 452.72 million in Q2-22, while the EPS went up to EGP 0.93 from EGP 0.42.
As of 31 March 2023, the bank logged net profits after tax valued at generated EGP 250.86 million, higher than EGP 96.27 million in Q1-22.
