Cairo – Mubasher: The net profits after tax of Suez Canal Bank hiked to EGP 1.04 billion in 2022, compared to EGP 604.67 million in 2021.
The interest income amounted to EGP 1.89 billion during January-December 2022, an annual growth from EGP 1.52 billion, according to the financial results.
Earnings per share (EPS) reached EGP 3.16 last year, versus EGP 1.84 as of 31 December 2021.
Total assets increased to EGP 74.66 billion in 2022 from EGP 57.43 billion in 2021, whereas the clients' deposits enlarged to EGP 65.80 billion from EGP 50.58 billion.
Bonus Shares
The board members recommended the distribution of 0.19 bonus shares per every owned share for 2022. The bank would disburse EGP 180 million, equivalent to 5% of its paid-up capital.
In the first nine months (9M) of 2022, the EGX-listed lender logged net profits worth EGP 734.75 million, an annual surge of 94.90% from EGP 376.97 million.
