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Suez Canal Bank's profit inches down in 9M

Suez Canal Bank's profit inches down in 9M
Net interest income increased to EGP 1.16 billion
Suez Canal Bank
CANA
-3.49% 12.99 -0.47

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 January-September period from EGP 923.85 million in the corresponding period a year earlier, according to a bourse disclosure on Sunday.

During the first half (H1) of 2020, the lender logged EGP 223.4 million in net profits, down from EGP 235.48 million in H1-19.