Suez Canal Bank Maintains Strong Growth Momentum, Reporting Record Net Profit of EGP 5.7 billion as of September 2026, with Total Assets Growing by 18.1%

CAIRO — Suez Canal Bank (Ticker: CANA) reported today its results for the nine months ended 30 September 2026 with net profit of EGP 5.7 billion, or EGP 5.02 per share, up by 12.9% from EGP 5.05 billion in the same period of 2025.
During the first nine months of 2026, the Bank delivered strong financial performance, with net interest income increasing by 42.9% year-on-year to EGP 8.8 billion, while net banking income grew by 33.4% to EGP 13.3 billion, compared to EGP 9.9 billion in the corresponding period of 2025. Furthermore, net profit increased by 12.9% year-on-year to EGP 5.7 billion.
During 3Q2026, the Bank sustained its positive performance, recording net interest income of EGP 3.1 billion and net banking income of EGP 4.7 billion, reflecting a 21.3% year-on-year increase from EGP 3.9 billion. Meanwhile, net profit reached EGP 2.1 billion, representing year-on-year growth of 5.29%, while net interest income grew by 35.3%.
The Bank’s financial performance was underpinned by solid balance sheet expansion during the September 2026.Customer deposits increased by 18.7% from EGP 209.0 billion at year-end 2025 to EGP 248.1 billion as of September 2026. Deposit growth was primarily driven by local currency funding, which expanded by 14.7% to EGP 165.4 billion, and by foreign currency funding which expanded by 27.4%, thereby increasing its contribution to total customer deposits from 31.0% at year-end 2025 to 33.3% in September2026.
The Bank also achieved a more diversified deposit mix, supported by strong momentum in retail deposits, which increased by 73.1% to EGP 64.6 billion and accounted for 26.0% of total customer deposits, compared with 17.9% at year-end 2025. Meanwhile, corporate deposits increased by 6.8% to EGP 183.4 billion, representing 74.0% of total deposits. This growth reflects the Bank’s continued focus on building a diversified and resilient funding base capable of supporting further balance sheet expansion and growing credit demand.
On the lending side, Suez Canal Bank continued to expand its role in financing businesses and individuals, with net customer loans increasing by 21.0%to EGP 148.1 billion as of September 2026. Local currency loans increased by 20.1%to EGP 128.9 billion, while foreign currency loans grew by 27.4%to EGP 19.2 billion.Growth was primarily driven by the corporate portfolio, which expanded by 20.3% to EGP 134 billion and continued to account for approximately 90.5% of total customer loans.Meanwhile, retail lending grew at a faster rate of 27.7% to EGP 14.1 billion, contributing approximately 9.5% of the total loan portfolio and reflecting the Bank’s continued development of its retail banking proposition alongside its established corporate franchise.By currency, local currency loans increased by 20.1% to EGP 128.9 billion and foreign currency loans by 27.4% to EGP 19.2 billion. The loans-to-deposits ratio stood at 59.7%. According to the latest Central Bank of Egypt data (June 2026), the Bank held 1.16% of the banking sector’s loans and 1.40% of its deposits. The balanced expansion across currencies and customer segments reflects the Bank’s continued focus on supporting credit demand while maintaining a diversified loan portfolio.
Strong earnings generation, disciplined balance sheet expansion, and resilient margins translated into a Return on Average Equity (ROAE) of 33.4% and a Return on Average Assets (ROAA) of 2.6% in 9M2026. This profitability was achieved while maintaining comfortable capitalization levels, with the Capital Adequacy Ratio (CAR) standing at 18.69% and the Leverage Ratio strengthening to 7.02% from 6.43% at year-end 2025. shareholders’ equity increased by 24.9% to record EGP 23.2 billion.
Key Financial Highlights
Income Statement 9M2025 9M2026 YoY Change
Net Profit EGP 5.1 Bn EGP 5.7 Bn 12.9%

Net Interest Income EGP 6.2 Bn EGP 8.8 Bn 42.9%
Net Banking Income EGP 9.9 Bn EGP 13.3 Bn 33.4%

Earnings per Share EGP 4.44 EGP 5.02 ——

Key Financial Highlights
Balance Sheet Performance (EGP Bn) Dec 2025 Sept 2026 YTD Change
Total Assets 270.1 319.0 18.1%
Customer Deposits 209.0 248.1 18.7%

Net Customer Loans 122.4 148.1 21.1%

Shareholders’ Equity 20.27 23.2 24.9%

Commenting on these results, Mr. Akef El Maghraby, CEO and Managing Director of Suez Canal Bank, stated: “The results achieved by Suez Canal Bank reflect our vision of building a more integrated banking model, offering a comprehensive range of banking solutions and services that address our customers’ personal and professional needs and support their ambitions at different stages of growth and development. Alongside the expansion of our digital channels, this approach strengthens our ability to build long-term clients relationships and supports the continued growth of the Bank’s business.”
In this context, the Bank continued developing its digital banking services with the launch of SCB Business, a mobile banking application that enables businesses of all sizes, including large corporates and small and medium-sized enterprises, to manage their daily banking transactions easily and securely, anytime, and anywhere. This followed the launch of the Corporate Internet Banking Platform, an integrated digital platform for managing corporate accounts, providing businesses with more flexible and efficient banking solutions across multiple digital channels.
As part of its efforts to support the digitalization of government payments and simplify procedures, Suez Canal Bank enabled electronic payments for the unified invoice covering services provided to vessels transiting the Suez Canal through the Corporate Payment System (CPS) government payments platform. This makes Suez Canal Bank the first bank in Egypt to offer this service to its shipping and maritime customers.
The Bank also continued supporting small and medium-sized enterprises (SMEs) by developing integrated banking and financing solutions that meet their needs at different stages of growth. In this regard, the Bank launched an integrated digital financing journey for small businesses, simplifying procedures and accelerating access to financing, with credit approvals issued within four days for eligible applications. The Bank also increased the maximum financing amount to EGP 15 million and expanded the eligible customer base to include startups, subject to specific terms and conditions. Additionally, the Bank introduced a dedicated financing program for medium-sized enterprises, offering financing of up to EGP 25 million to support their working capital requirements and business expansion plans.
The Bank’s role also extended to supporting its customers’ business growth and helping them explore opportunities across African markets. Suez Canal Bank signed a membership agreement with the Pan-African Payment and Settlement System (PAPSS), operated by the African Export-Import Bank (Afreximbank), becoming the first Egyptian commercial bank to join the system following approval from the Central Bank of Egypt. This step supports intra-African trade and creates further opportunities for Egyptian businesses by facilitating cross-border trade transactions.
As customers’ needs continue to evolve across their business, personal, and investment priorities, Suez Canal Bank continued expanding its range of accounts, savings products, investment services, and financing solutions, offering flexible repayment terms and competitive interest rates. The Bank also enhanced the value offered to cardholders through a variety of exclusive offers and benefits, providing customers with more options tailored to their different needs.
As part of its commitment to enhancing the customer banking experience, the Bank introduced several steps to improve service quality across its branches, customer service centers, and digital channels. It also continued upgrading its mobile banking application by introducing new services and features, alongside expanding its non-banking services to provide customers with a more comprehensive banking experience.
These efforts were recognized through the Bank receiving the “Best Global Banking Offering for HNW Clients – Egypt 2026” award from The Digital Banker, in recognition of its integrated banking and investment solutions and services provided to customers across different segments.
In parallel, the Bank continued its efforts to enhance the workplace environment and strengthen sustainability practices, obtaining the ISO 45001:2018 Occupational Health and Safety Management System certification, issued by EUROCERT the internationally recognized Greek company. This certification reflects the Bank’s commitment to adopting international standards and best practices, providing a safe and healthy working environment for employees, enhancing operational efficiency and business sustainability, and supporting the delivery of more efficient, high-quality services to customers.
The Bank’s achievements were further recognized through several international awards and rankings, most notably its listing in Forbes’ World’s Top Performing Banks 2026 list, which features 500 banks across 89 countries, reflecting the Bank’s continued progress and strengthening its regional and international position.
It is worth noting that Suez Canal Bank’s Extraordinary General Assembly, held on November 11, 2026, chaired by Mr. Amr Tantawy, Chairman of the Board of Directors, and attended by Mr. Akef El Maghraby, CEO and Managing Director, along with Board members, and shareholders, approved amendments to Articles (5) and (6) of the Bank’s Articles of Association.
The amendments include extending the Bank’s term for an additional 50 years, commencing on March 12, 2028, following the expiry of the previous term as recorded in the Bank’s commercial register, as well as increasing the authorized capital from EGP 15 billion to EGP 25 billion, with the issued and fully paid-up capital set at EGP 15 billion, subject to the approval of the Central Bank of Egypt.
Accordingly, effective November 12, 2026, a total of 500 million bonus shares were distributed at a ratio of 0.5 bonus shares for each existing share held before the capital increase, bringing the total number of shares to 1.5 billion.