The bank’s financial position also increased by a 30% growth rate, reaching EGP 74.7 billion at the end of 2022, compared to EGP 57.4 billion at the end of 2021, supported by an increase in deposits by 30%, reaching EGP 65.8 billion at the end of 2022, compared to EGP 50.6 billion at the end of the previous year.

Hussein Refai also announced that the bank succeeded in increasing the net loan portfolio and customer facilities by a growth rate of 28% to reach EGP 29.6 billion by the end of 2022 compared to EGP 23.1 billion by the end of 2021, as the total corporate loan portfolio increased by 25% to reach EGP 17.6 billion by the end of the year. December 2022 compared to about 14.1 billion Egyptian pounds in December 2021. The growth in the loan portfolio came as a result of the diversification of funding for various sectors such as the agricultural, contracting, financial services, real estate and tourism sectors, which led to the distribution of risks and the diversification of the bank’s portfolio clients.

The total syndicated loan portfolio increased by 17% to reach EGP 9.6 billion by the end of December 2022, compared to EGP 8.2 billion in December 2021. The growth in the syndicated loan portfolio came as a direct result of the Bank’s participation in arranging many loans within strong banking alliances and in strategic sectors. It included petroleum, real estate development, and contracting.

The total portfolio of small and medium enterprises also increased by a growth rate of 41% to reach 2.1 billion Egyptian pounds, compared to 1.5 billion Egyptian pounds in the previous year.

Hussein Refai added that the bank's total personal loan portfolio witnessed a remarkable growth during 2022, as it increased by 54%, to reach EGP 2.8 billion, compared to EGP 1.8 billion by the end of 2021.

Within the framework of the new products, the Beyond program for youth was launched, which offers many banking benefits, including a savings account for youth. New Islamic savings vessels. Your loan, your aid product, is launched for small and medium enterprises.

Within the framework of digital services, the InstaPay instantaneous payment network has been joined, and the number of ATMs has been increased to 110 machines distributed throughout the Republic.

Hussein Refai added that within the framework of the bank's strategy to develop the branch network, the "Suez Canal Bank" opened the Sporting branch in a privileged location as an alternative to the Alexandria branch. Ramadan to fit with the new identity of the bank.

The Chairman and Managing Director thanked the members of the Board of Directors and all the bank's employees for the efforts made, which led to the results achieved during the year 2022