Suez Canal Bank

Suez Canal Bank

Native name	بنك قناة السويس
Traded as	EGX:  CANA.CA
Industry	Financial services
Founded	1978;47 years ago (1978) in Ismailia, Egypt
Headquarters	Cairo , Egypt
Number of locations	49 branches
Area served	Egypt, Libya
Key people	Tarek Kandil (Executive director)
Services	Asset management Banking Commodities Credit cards Equities trading Insurance Investment management Mortgage loans Private equity Wealth management
Net income	£E195 million (2015)
Total assets	£E23 billion (2015 [1] )
Total equity	£E2 billion
Website	scbank.com.eg

Suez Canal Bank is an Egyptian bank headquartered in Cairo. ^{[2] [3]} Founded in 1978, the bank provides financial services to individual and corporate clients in Egypt and at its branch in Tripoli, Libya. ^{[4] [5]}

The bank provides its services and financial products to retail and corporate clients through over 40 branches in Egypt and Libya. Offerings include investment banking, trade finance, credit cards, financial services, and Islamic banking. ^[6] As of 2015 ^[update] , the bank’s capital was £E 2 billion, and its registered profit was £E 195 million. Suez Canal Bank is one of the oldest banks in the Egyptian private sector. ^{[7] [8]}

History

The Suez Canal Bank was founded in 1978 in Ismailia, a city in eastern Egypt, with authorized capital of £E 10 million and paid-in capital of £E 2.5 million. In 1982, the company offered its initial public offering on the Egyptian Exchange. The company opened an Islamic banking branch in Dokki in 1983. In 1998, the company was upgraded to £E500 million of authorized and £E100 million of paid-in capital. The first foreign branch was opened in Tripoli in 2002. In 2007, capital was raised once more, to £E2 billion authorized and £E1 billion paid-in. ^[6]

The bank was established as a joint-stock company in 1978 according to Law No. 43 (Infitah) in 1974.

Shareholders

• Arab International Bank (41.48%)
• Libyan Foreign Bank (27.21%)
• Suez Canal Authority Employee Pension Fund (10.11%)
• Arab Financial Investments Company (2.50%)
• Open circulation on the Egyptian Exchange (18.20%) ^[9]

See also

• List of banks in Egypt

References

1. Yaqoub, Ahmed (April 29, 2016). "195 مليون جنيه صافى أرباح بنك قناة السويس خلال عام". Youm7 . Retrieved 17 May 2021.
2. "Suez Canal Bank Billboards: Get the Card. Get the Offers. Enjoy 0% Interest". INSITE OOH Media Platform. 2025-12-28. Retrieved 2025-12-30.
3. "Suez Canal Bank S.A.E. Company Profile - Egypt | Financials & Key Executives | EMIS". www.emis.com. Archived from the original on 2024-05-20. Retrieved 2025-12-30.
4. "Suez Canal Bank" . Retrieved 2025-12-30.
5. Agency, Ecofin. "Suez Canal's Gradual Rebirth: A Strategic Pivot for Egypt After Years of Turmoil". Ecofin Agency. Retrieved 2025-12-30.
6. "About Us". Suez Canal Bank. Retrieved 17 May 2021.
7. مصر, بواسطة بنوك (2025-12-23). "بنك قناة السويس يحصد 4 جوائز مرموقة من مجلة Gazet International العالمية لعام 2025". اتحاد بنوك مصر (in Arabic). Retrieved 2025-12-30.
8. "BanksDataWorldWide". BanksDataWorldWide.Com. Retrieved 2025-12-30.
9. "Shareholders". Suez Canal Bank. Retrieved 17 May 2021.