Suez Canal Bank Eyes 50% Growth in Assets in 3 Years

Egypt’s Suez Canal Bank plans to boost its market shares by increasing assets with 50% by the end of 2016, chairman and managing director Tarek Fathi Kandil announced on Tuesday.

Kandil further noted that the bank’s financial statements for the fiscal year ended on December 31.2013, reported EGP 18.29 billion total assets, compared to EGP 17.065 billion at 2012-end.