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Suez Canal Bank reports EGP 116m profit in Q1

Suez Canal Bank reports EGP 116m profit in Q1
Net income from interest, fees, and commissions rose to EGP 439.61 million
Suez Canal Bank
CANA
-0.55% 14.44 -0.08

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 to EGP 439.61 million in the January-March period, compared to EGP 422.21 million in the same period in 2020, according to a bourse disclosure on Tuesday.

Over the course of 2020, the bank achieved net profits of EGP 601.66 million, up from EGP 542.2 million a year earlier.