Suez Canal Bank
Native name
بنك قناة السويس
EGX: CANA.CA
IndustryFinancial services
Founded1978 (1978) in Ismailia, Egypt
Number of locations
49 branches
Area served
Egypt, Libya
Key people
Tarek Kandil (Executive director)
Servicesinvestment banking, trade finance, credit cards, financial services
£E195 million (2015)
Total assets£E23 billion (2015[1])
Total equity£E2 billion
Websitescbank.com.eg

Suez Canal Bank (Arabic: بنك قناة السويس) is an Egyptian bank, established as a joint-stock company in 1978 according to Law No. 43 (Infitah) in 1974. It is one of the oldest banks in the Egyptian private sector. The bank provides financial services to individual and corporate clients in Egypt and at its branch in Tripoli, Libya. The bank’s capital is £E2 billion, and it registered a profit of £E195 million at the end of 2015.

Shareholders

History

The Suez Canal Bank was founded in 1978 in Ismailia, a city in eastern Egypt, with authorized capital of £E10 million and paid-in capital of £E2.5 million. In 1982, the company offered its initial public offering on the Egyptian Exchange. The company opened an Islamic banking branch in Dokki in 1983. In 1998, the company was upgraded to £E500 million of authorized and £E100 million of paid-in capital. The first foreign branch was opened in Tripoli in 2002. In 2007, capital was raised once more, to £E2 billion authorized and £E1 billion paid-in.[3]

Services

The bank provides its services and financial products to individual and corporate clients through 34 branches in Egypt and Tripoli. Offerings include investment banking, trade finance, credit cards, financial services, and Islamic banking.[3]

See also

References

  1. ↑ Yaqoub, Ahmed (April 29, 2016). "195 مليون جنيه صافى أرباح بنك قناة السويس خلال عام". Youm7. Retrieved 17 May 2021.
  2. ↑ "Shareholders". Suez Canal Bank. Retrieved 17 May 2021.
  3. 1 2 "About Us". Suez Canal Bank. Retrieved 17 May 2021.
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