Suez Canal Bank provides Ashry Steel Group with EGP 2.35bn credit facility to support expansion
Suez Canal Bank has signed a cooperation protocol to provide Ashry Steel Group with credit facilities valued at EGP 2.35bn. The funding aims to support the group’s working capital needs, enabling its expansion and increasing its capacity to meet domestic
Banque Misr arranges EGP 2.8bn worth of syndicated funding to Landmark Development
A banking alliance, led by Banque Misr, provided syndicated financing worth EGP 2.8bn to Landmark Developments Company, with the participation of EG Bank and Suez Canal Bank as lenders. the initial lead arranger, financing marketer, financing agent, security agent,
Suez Canal Bank’s net profits grow 130% to EGP 3.1bn in September 2024
Akef El Maghraby, CEO and Managing Director of Suez Canal Bank, has stated that the bank’s net profits increased to EGP 3.1bn in September 2024, compared to EGP 1.4bn in September 2023. The growth rate was 130%, supported by a
Suez Canal Bank opens its 53rd branch in Menoufeya’s Shibin El-Kom
Suez Canal Bank inaugurated its latest branch in Shibin El-Kom, Menoufeya to provide its banking services and products to a larger customer base. This aligns with the directions of CBE and Egypt’s Vision 2030 to spread financial inclusion across the
Suez Canal Bank offers EGP 1.2bn credit facility to Madkour Group
Suez Canal Bank has signed a credit facility agreement worth EGP 1.2bn with Madkour Group. This collaboration aims to expand the bank’s partnership base by offering innovative and flexible financing solutions to various institutions, helping them grow their businesses and
Suez Canal Bank, Raya Information Technology sign EGP 1.2bn protocol to support expansion plans
Suez Canal Bank has signed a cooperation protocol with Raya Information Technology, a subsidiary of Raya Holding for Financial Investments, under which Raya Information Technology will receive credit facilities amounting to EGP 1.2bn. This cooperation comes as part of Suez