Suez Canal Bank: EGP5 bln Loan Portfolio In June 2013

Suez Canal Bank’s loan portfolio and facilities hiked to EGP 5.002 billion by the end of June 2013 compared to EGP 5.035 billion in 2012, representing a raise of EGP 33 million.

The bank’s financial statements revealed that the volume of the clients’ deposits portfolio boosted to EGP 12.99 billion in 2013 against EGP 12.838 billion in 2012 registering EGP 155 million.

The bank’s business results revealed that the value of the bank’s assets rose EGP 32 million to reach 17.098 billion in 2013 compared to EGP 17.065 billion in 2012.

The bank’s net income before deducting provisions and taxes reached EGP 60.749 million in June-end 2013 compared to EGP 43.763 million in last year.