Suez Canal Bank
The Suez Canal Authority Pension Fund, as noted on the bank’s website, already holds a 10.10 percent stake in the bank
The bank’s loan portfolio soared five percent, to hit LE 14.2 billion in March 2019, up from LE 13.5 billion in December 2018.
A wrap-up of the most prominent business news of the day.
The bank’s financial indicators showed that customer deposits rose 30 percent to amass LE 31.3 billion last year, compared to LE 24.1 billion in 2016.
The deals come in line with the state’s current policy towards promoting and developing SMEs, which contribute to providing more job opportunities.
The U.S. dollar exchange recorded an average of LE 18.05 for buying and LE 18.15 for selling against the Egyptian pound in Tuesday banking transactions.
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