Cairo – Mubasher: Suez Canal Bank generated net profits after tax worth EGP 1.35 billion in the first nine months (9M) of 2023, versus EGP 734.75 million in 9M-22.
Net interest income enlarged year-on-year (YoY) to EGP 2.33 billion in January-September 2023 from EGP 1.33 billion, according to the financial results
As of 30 September 2023, the basic earnings per share (EPS) amounted to EGP 2.61, an annual increase from EGP 1.41.
Total assets hiked to EGP 92.21 billion in 9M-23 from EGP 74.66 billion as of 31 December 2022, while the customer deposits jumped to EGP 75.11 billion from EGP 65.80 billion.
Financials for Q3-23
In the third quarter (Q3) of 2023, the lender recorded YoY higher net profits at EGP 728.92 million, compared to EGP 466.91 million.
The net interest income climbed to EGP 841.17 million in Q3-23 from EGP 506.29 million a year earlier, while the EPS surged to EGP 1.40 from EGP 0.90.
During the first half (H1) of 2023, Suez Canal Bank registered EGP 628.04 million in consolidated net profit after tax, higher than EGP 267.83 million in H1-22.
