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04 April 11:38 PM

Suez Canal Bank SAE (CANA)

Last update: 2 April 02:29 PM market time.
48.46
0.46
0.96%
Open 48.00
Previous Close 48.00
High 49.45
Low 48.16
Stock Statistics
Volume 110,364
Turnover 5,375,913.00
All data are 15 minutes late during market session

News

Photo Archive
15 August 2022 02:27 PM Suez Canal Bank’s profit rises to EGP 267.8m in H1-22
Cairo – Mubasher: Suez Canal Bank posted a net profit of EGP 267.83 million during the first half (H1) of 2022, up from EGP 240.83 million in the corresponding period in 2021.  Earnings per share (EPS) came in at EGP 0.81 in H1-22, compared to EGP …
Financial Results
Photo Archive
31 May 2022 04:48 PM Suez Canal Bank's profits retreat in Q1-22
Cairo – Mubasher: Suez Canal Bank has recorded net profits of EGP 96.27 million in the first quarter (Q1) of 2022, lower than EGP 115.71 million. The net interest income went up to EGP 451.83 million in the January-March period of 2022, compared …
Financial Results
Photo Archive
27 March 2022 11:22 AM Suez Canal Bank's OGM nods to capital raise via bonus shares
Cairo – Mubasher: The ordinary general meeting (OGM) of Suez Canal Bank has approved to raise capital via a bonus share issuance of EGP 695.67 million or 0.23 shares for every original share. The issued capital will increase to EGP 3.6 billion …
Management Decisions
Photo Archive
20 February 2022 00:38 PM Suez Canal Bank sees higher profits; bonus shares proposed
Cairo – Mubasher: The net profits of Suez Canal Bank increased to EGP 604.67 million in 2021, compared to EGP 601.64 million in the earlier year. The bank's net interest income rose to EGP 1.52 billion last year from EGP 1.55 billion in 2020, …
Banking and Finance
The bank's net interest income edged up to EGP 763.5 million
15 August 2021 03:29 PM Suez Canal Bank's profit rises 7.5% in H1-21
Cairo – Mubasher: Suez Canal Bank achieved net profits of EGP 240.84 million in the first half (H1) of 2021, an increase of 7.5% year-on-year (YoY) from EGP 223.9 million. The bank's net interest income edged up to EGP 763.5 million in the …
Banking and Finance
Net income from interest, fees, and commissions rose to EGP 439.61 million
11 May 2021 10:56 AM Suez Canal Bank reports EGP 116m profit in Q1
Cairo – Mubasher: Suez Canal Bank generated EGP 115.72 million in net profits during the first quarter (Q1) of 2021, slightly up from EGP 114.35 million in the year-ago period. The bank’s net income from interest, fees, and commissions increased …
Financial Results
The NBE will contribute 44.5% to the funding
11 April 2021 03:47 PM SCZone inks EGP 10bn syndicated loan agreement with six banks
Cairo – Mubasher: The Chairman of Suez Canal Economic Zone (SCZone), Yehia Zaki, signed a long-term syndicated loan agreement with a consortium led by the National Bank of Egypt (NBE) as the senior mandated lead arranger, facility agent, and …
Macroeconomics
The transaction involved the sale of 2.29 million shares
8 April 2021 04:44 PM Suez Canal Bank cuts stake in Mohandes Insurance for EGP 33m
Cairo – Mubasher: Suez Canal Bank reduced its stake in Mohandes Insurance to 0.00007% from 3.06%. The transaction involved the sale of 2.29 million shares for EGP 33.33 million, averaging EGP 14.55 per share, according to a statement to the …
Insider Trading & Treasury Stocks
The bank’s issued capital will be increased to EGP 2.9 billion
1 April 2021 11:51 AM Suez Canal Bank's shareholders approve issuing bonus shares
Cairo – Mubasher: The ordinary general meeting (OGM) of Suez Canal Bank approved the issuance of bonus shares worth EGP 704.32 million or EGP 0.32 per share. Accordingly, the bank’s issued capital will be increased to EGP 2.9 billion from EGP 2.2 …
General Assembly
The bank approved a one-for-10 bonus issue
31 March 2021 00:11 PM EGX approves listing capital raise shares of Suez Canal Bank
Cairo – Mubasher: The Egyptian Exchange’s (EGX) listing committee approved the listing of capital raise shares of Suez Canal Bank. The bank’s issued and paid-up capital will be raised to EGP 2.2 billion from EGP 2 billion through the issuance of …
Corporate Actions
The bank's issued capital will be raised to EGP 2.9 billion
15 March 2021 04:34 PM Suez Canal Bank gets FRA's approval for EGP 704m capital raise
Cairo – Mubasher: The Egyptian Financial Regulatory Authority (FRA) approved the publication of a disclosure form submitted by Suez Canal Bank to increase its issued capital. The form includes the board’s decision to raise its issued capital to …
Corporate Actions
The bank’s net interest income rose to EGP 1.55 billion
22 February 2021 10:50 AM Suez Canal Bank's profit up 11% in 2020
Cairo – Mubasher: Suez Canal Bank reported an 11% year-on-year (YoY) growth in its net profits, logging EGP 601.66 million in 2020, compared to EGP 542.2 million a year earlier. The bank’s net interest income rose to EGP 1.55 billion last year …
Banking and Finance
Net interest income increased to EGP 1.16 billion
15 November 2020 04:35 PM Suez Canal Bank's profit inches down in 9M
Cairo – Mubasher: Suez Canal Bank achieved net profits of EGP 355.988 million in the first nine months of 2020, slightly down from EGP 364.41 million in the year-ago period. The bank’s net interest income increased to EGP 1.16 billion in the …
Banking and Finance
City Edge is developing several projects in Sheikh Zayed, New Alamein, and New Mansoura
12 August 2020 03:59 PM City Edge, Suez Canal Bank sign mortgage funding protocol
Cairo – Mubasher: City Edge Developments signed a protocol of cooperation with Suez Canal Bank as part of the Central Bank of Egypt (CBE) initiative for providing various mortgage financing plans. The first plan includes a mortgage finance for …
Banking and Finance
The lender aims to strengthen its capital base
1 June 2020 04:46 PM Suez Canal Bank completes Midor stake sale for $30.6m
Cairo – Mubasher: Suez Canal Bank announced the sale of its 1.27% stake in Middle East Oil Refinery Co (Midor), representing 560,000 fully-paid shares.   The stake was sold to the major shareholder Egyptian General Petroleum Corporation (EGPC) for …
Insider Trading & Treasury Stocks
The bank’s net profits fell to EGP 114.35 million
14 May 2020 02:06 PM Suez Canal Bank’s profit drops 11% in Q1-20
Cairo – Mubasher: The consolidated financial statements of Suez Canal Bank reported an 11% year-on-year (YoY) decline in its net profits during the first quarter of 2020. The bank’s net profits fell to EGP 114.35 million in the January-March …
Banking and Finance
The FV of Midor’s stock has been set at $47.73
14 May 2020 01:58 PM Suez Canal Bank approves Midor’s FV assessment ahead of exit
Cairo – Mubasher: The board of directors of Suez Canal Bank approved a fair value (FV) assessment of the Middle East Oil Refinery Co’s (Midor) stock ahead of its exit from the company. The FV of Midor’s stock has been set at $47.73, according to a …
Stock Evaluations
The nine-year loan has a repayment period of seven years
6 May 2020 00:25 PM Four banks provide EUR 30m loan to MIDELEC
Cairo – Mubasher: The National Bank of Egypt (NBE) is leading a banking consortium together with Credit Agricole Egypt with the participation of Faisal Islamic Bank of Egypt, and Suez Canal Bank to arrange a long-term syndicated loan worth EUR 30 …
Companies Investments
EFG Hermes acted as the financial advisor
13 April 2020 06:07 PM Four banks, Saudi investor buy Sukuk issued by Talaat Moustafa’s unit
By: Islam Fadl Cairo – Mubasher: Four banks and a Saudi investor have participated in covering the Sukuk issuance issued by Talaat Moustafa Group Holding’s subsidiary Arab Company for Projects and Urban Development. The Egyptian Financial Group …
Sukuk and Islamic Finance
SAIB and NBE will each contribute EGP 300 million
12 April 2020 05:36 PM Banking consortium inks EGP 750m syndicated loan deal with CRC
Cairo – Mubasher: A banking consortium comprised of Societe Arabe Internationale de Banque (SAIB), the National Bank of Egypt (NBE), and Suez Canal Bank signed a medium-term syndicated loan worth EGP 750 million with Construction and …
Banking and Finance
The bank’s net interest income rose to EGP 1.24 billion
24 February 2020 02:16 PM Suez Canal Bank logs EGP 542m profit in 2019; bonus proposed
Cairo – Mubasher: Suez Canal Bank reported a 29% year-on-year growth in its net profits to EGP 542.2 million in 2019 from EGP 420.19 million. The bank’s net interest income rose to EGP 1.24 billion last year, compared to EGP 963 million in 2018, …
Financial Results
Suez Canal Bank’s chairman Hussein Refaei
6 February 2020 04:25 PM Suez Canal Bank considers providing EGP 400m syndicated loans
By: Islam Fadl Cairo – Mubasher: Suez Canal Bank (SCB) is planning to participate in syndicated loans worth a range between EGP 300 million and EGP 400 million, the bank’s chairman Hussein Refaei told Mubasher on Thursday. The bank will provide …
Banking and Finance
Factories with debts worth less than EGP 10 million are eligible for CBE's initiative
22 December 2019 04:43 PM Suez Canal Bank’s customers under CBE initiative indebted with EGP 500m
Cairo – Mubasher: Suez Canal Bank has a total of 80 customers who are eligible for the Central Bank of Egypt’s (CBE) industrial funding initiative, the bank’s chairman Hussein Refaei said. Total debt owed by these factories stood at EGP 500 …
Banking and Finance
Aman for Microfinance secured loans of EGP 250 million in H2-18
18 September 2019 01:08 PM Raya Holding’s unit obtains EGP 650m loans from 8 banks
By: Islam Fadl Cairo – Mubasher: Aman for Microfinance, a subsidiary of Raya Holding for Financial Investment, has obtained loans of EGP 650 million during the first eight months of 2019, the company’s managing director Ahmed El Khatib said. Such …
Banking and Finance
Net interest income increased to EGP 620.8 million
7 August 2019 00:21 PM Suez Canal Bank posts EGP 235m profit in H1
Cairo – Mubasher: Suez Canal Bank posted a 12% year-on-year profit growth during the first half of 2019. The lender logged a profit of EGP 235.4 million in the January-June period of 2019, compared to EGP 210.05 million in the year-ago period, …
Financial Results