🌍 Africa 2d ago · Daily News Egypt

Suez Canal Bank reports EGP 3.63bn net profit in H1 2026

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Suez Canal Bank reports EGP 3.63bn net profit in H1 2026
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Suez Canal Bank (SCB) delivered strong financial results during the first half of 2026, supported by robust growth across its core banking activities despite a macroeconomic environment marked by easing inflation and a cumulative 500 basis-point reduction in domestic policy rates since June 2025.
Net interest income increased by 47.4% year-on-year to EGP 5.7bn during the first half of 2026, while net profit rose 17.7% to EGP 3.63bn. In the second quarter alone, net interest income reached EGP 3.

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