Suez Canal Bank SAE
EEGX:CANA42.50
EGP
-1.48
(-3.37%)
ISIN
EGS60231C015
Return %
Stock
S&P 500
1Y
104.33
14.20
3Y
925.43
81.12
5Y
1,803.27
68.34
Capital Structure
EGP
•
in mil. unless spec.Working Capital
EGP
•
in mil. unless spec.Growth Rates
EGP
•
in mil. unless spec.Quarterly Revenue
EGP
•
in mil. unless spec.Quarterly Earnings Per Share
EGP
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in mil. unless spec.Quarterly Dividends Per Share
EGP
•
in mil. unless spec.Company Description
- CEO
- Akef Abdel Latif Mohamed El-Maghraby
- Full Time Employees
- 2,118
- Sector
- Finance
- Industry
- Regional banks
- Address
- Cairo Egypt
- IPO Date
- Jul 8, 1993
- Website
- scbank.com.eg
- Similar Companies
- Business
- Suez Canal Bank SAE is an Egyptian commercial banking institution that provides a comprehensive range of corporate, retail, Islamic, investment, and small and medium-sized enterprise (SME) banking products and financial services. Founded in 1978 and headquartered in Cairo, Egypt, the bank operates through an extensive domestic branch network across Egypt as well as an international representative office in Tripoli, Libya. The bank operates across diversified financial segments, offering retail banking solutions comprising current and savings accounts, certificates of deposit, time deposits, personal and automotive loans, mortgage finance, credit and debit cards, and bancassurance services in partnership with Allianz Egypt; corporate and structured finance encompassing working capital financing, medium- and long-term project loans, syndicated facility management, and direct investments; trade finance services including import and export letters of credit, letters of guarantee, bill collection, and receivables discounting; Islamic banking products structured in accordance with Sharia principles, including Islamic deposit accounts and Murabaha facilities; treasury and capital markets services covering foreign exchange trading, liquidity management, government securities dealing, custody services, and securities bookkeeping; and digital banking services comprising online and mobile banking platforms, electronic wallet solutions (SCB E-Wallet), and merchant acquiring payment gateways. In recent developments, Suez Canal Bank has undertaken substantial capital and operational expansions, increasing its issued and paid-up capital to EGP 6.5 billion and securing board approval to expand its authorized capital to EGP 25 billion to bolster capital adequacy under regulatory frameworks. The bank has also accelerated its strategic partnerships, collaborating with FinTech and payment providers including Visa, Thunder, and Modopay to integrate digital investment tools, executing cross-border settlement agreements with China-Africa TEDA Investment Company and CIPS Company Limited to facilitate yuan-denominated trade settlements within the China-Egypt Suez Economic and Trade Cooperation Zone, leading major multi-billion-pound infrastructure syndicated lending consortia, and advancing digital healthcare financing solutions in partnership with eHealth and eAswaaq. Major institutional shareholders of the bank include the Arab International Bank, the Libyan Foreign Bank, and the Suez Canal Authority Pension Fund, alongside public float on the Egyptian Exchange.