Suez Canal Bank

What Suez Canal Bank does

Suez Canal Bank is an Egyptian joint stock bank founded in 1978 and listed on the Egyptian Exchange (ticker: CANA), headquartered in Garden City, Cairo, with 56 branches nationwide. The bank provides retail, SME, corporate, Islamic, and institutional banking services, targeting salaried individuals, youth, high-net-worth clients (Elite/Privé tiers), MSMEs, large corporates, and underbanked populations through dedicated programs such as Beyond (ages 15-35), Neqaty (loyalty rewards), and a tiered Elite premium segment. Its product portfolio spans current and savings accounts, certificates of deposit (including 3-year EGP floating CDs at 19.5%), personal and auto loans, green finance products, Sharia-compliant instruments (Musharaka, Mudaraba, Murabaha, Sukuk), trade finance, custody, cash management, and syndicated project lending. Notable enterprise deals include EGP 5.2 billion Islamic financing for Inertia Egypt's Jefaira project, a EGP 4.485 billion syndicated loan for Madkour Projects, and a EGP 2.35 billion facility for Ashry Steel Group.

Revenue is generated primarily through net interest income on an EGP 122 billion loan portfolio, supported by fee and commission income from trade finance, custody, cards, and account services. Customer deposits of EGP 209 billion and a high-interest-rate environment shape the net interest margin dynamics. Distribution combines a 56-branch physical network with digital channels — mobile banking app launched in 2025, online banking, SCB E-Wallet, and InstaPay integration — achieving 69% digital adoption. Strategic partnerships span multilateral institutions (EBRD, IFC, GCF, EU, MSMEDA) for concessional capital and fintechs (Lucky, Blnk, Thndr, Modopay, Oliv) for embedded distribution and digital product expansion. Ownership is anchored by Arab International Bank (41.5%) and Libyan Foreign Bank Tripoli (27.7%), with the Suez Canal Authority Pension Fund at 10.1%, providing international institutional backing.

Name

Suez Canal Bank

Legal name

Suez Canal Bank

Website

https://scbank.com.eg

Company type

Private

Founded year

1978

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Suez Canal Bank is an Egyptian joint stock bank serving retail, SME, corporate, Islamic, and institutional clients through 56 branches and digital channels, with EGP 270 billion in total assets and a portfolio spanning deposits, lending, trade finance, and green finance.

Ownership category

akta.pro rank

Headquarters

HQ city

Cairo

HQ country

Egypt

HQ region

Africa

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Net Interest Income: The primary revenue driver: interest income earned from lending activities (corporate loans, retail loans, SME financing) minus interest paid on deposits (savings, certificates of deposit, current accounts). The bank posted EGP 6.4 billion net profit in 2025, driven by strong growth in loans and facilities portfolio (up 63% to EGP 122 billion).
2. Fee and Commission Income: Fees from account services, credit cards, fund transfers, trade finance services (letters of credit, letters of guarantee), foreign exchange transactions, custody and bookkeeping services, and bancassurance products. Also includes service charges on various banking products and tariff-based fees.
3. Trade Finance Services: Revenue from trade finance products including export/import financing, letters of credit, letters of guarantee, bill acceptance, forfeiting, discounting, and documentary collections for corporate clients. The bank maintains correspondent banking relationships globally.
4. Custody and Bookkeeping Services: Fees for securities custody, bookkeeping of stocks and bonds, subscription services, pledge and freeze of securities, and related services to shareholders and institutional customers.
5. Islamic Banking (Musharaka, Mudaraba, Murabaha): Sharia-compliant banking products and services through the Islamic Banking division, generating revenue from Mudaraba savings accounts, Sukuk certificates, and Islamic financing products.

Pricing tiers

Go-to-market motion3 records

Distribution channels8 records

Marketing channels9 records

Core offering

Suez Canal Bank is an Egyptian joint-stock commercial bank that provides retail, SME, corporate, Islamic, and institutional banking services through 56 branches nationwide and digital channels. Its core offerings include current and savings accounts, certificates of deposit, personal and auto loans, green financing, credit and debit cards, trade finance, custody services, mutual funds, and Sharia-compliant products (Sukuk, Murabaha, Musharaka, Mudaraba). The bank also delivers digital banking services via mobile app, online portal, SCB E-Wallet, and InstaPay, with a 69% digital adoption rate.

Product overview

Suez Canal Bank offers a comprehensive banking platform serving individual, SME, corporate, and institutional customers across Egypt through multiple delivery channels including 56 branches, digital banking, and mobile applications. The product portfolio centers on core deposit and lending products (accounts, certificates of deposit, personal and business loans, auto loans) alongside specialized programs segmented by customer type (Elite premium banking with three tiers, Beyond youth program, Neqaty loyalty rewards). Digital banking capabilities include Online & Mobile Banking, SCB E-Wallet, and Instapay for instant payments via the National Instant Payment Network. Islamic banking services are delivered through dedicated branches offering Sharia-compliant products including Sukuk certificates (Al-Khair, Maisarah), Mudaraba, Murabaha, and Musharaka financing. Corporate services encompass ACH Corpay bulk payment solutions, USD certificates, trade finance, and custody services. SME offerings include the 'Your Loan Your Aid' financing program up to 5 million EGP and BDS business development centers. The bank also provides green finance products (Green Power Loan, Micro Mobility Financing) and participates in green trade finance initiatives.

Differentiator

Problem solved

Functional benefit

Brands

• Elite: Premium banking package for distinguished clients offering personalized financial solutions, dedicated relationship management, and exclusive privileges.
• Beyond
• Neqaty

Products and services

• Current and Savings Accounts Personal and corporate banking accounts including current accounts, savings accounts, and interest-bearing accounts in Egyptian Pound, US Dollar, Euro, Sterling Pound, and other major currencies.
• Tharwa Savings Account Savings account in Egyptian Pound with tiered monthly interest rates ranging from 15% to 18% depending on balance tier. Minimum balance EGP 5,000. Interest calculated on lowest credit balance during the month.
• Infinity Savings Account Savings account with interest rates ranging from 0% to 17.40% monthly depending on balance tier structures.
• Classic Certificate of Deposit (CD) 3-year fixed-rate EGP certificate with monthly interest of 17.75% or quarterly interest of 17.85%. Minimum EGP 1,000, in multiples thereof. Not redeemable before 6 months.
• Current Plus CD (El-Hassaad) 3-year floating EGP certificate with daily interest at 18.25% or monthly at 18.75%. Minimum EGP 1,000 with interest calculated from next working day of issuance.
• Current Flex CD Flexible 3-year floating CD with daily interest rate of 19.25% and minimum interest rate of 17.25%. Minimum EGP 1,000 in multiples of EGP 1,000.
• Infinity CD 3-year EGP floating rate CD with daily interest rate of 19%. Minimum ticket size of EGP 5 million in multiples of EGP 1 million.
• Corporate USD Certificates of Deposit Corporate USD certificates of deposit with 3-year and 5-year terms. Minimum value of USD 10,000 with fixed interest rates and specific redemption fee schedules.
• Daily Cash Account Interest-bearing account with daily interest calculation and payment. Interest rates range from 9% for balances under EGP 500,000 up to 17.5% for balances of EGP 50 million and above.
• Personal Loans Suite of personal loans including Payroll Loan (up to EGP 6 million, tenor up to 144 months, interest from 26%, free life insurance), Elite Loan, and specialized loans for various employee categories.
• Auto Loans Vehicle financing including payroll auto loan, fully salary transfer loan, non-salary transfer auto loan, self-employed auto loan, and various down payment programs. Financing up to 100% of car price with approval within 24 hours.
• Green Power Loan Eco-friendly financing for residential solar panels and green energy solutions in residential compounds. Maximum loan amount up to EGP 1 million with loan tenor up to 120 months.
• Micro Mobility Financing Financing for golf cars, scooters, and e-bikes with up to 100% financing without down payment. Loan tenor up to 84 months.
• Platinum Credit Card Premium credit card with free issuance of primary card, up to 57 days grace period, free supplementary cards, and access to over 25 domestic and international airport lounges. Insurance coverage up to $5,000 over 12 months for theft or accidental damage.
• Visa Signature Credit Card Premium credit card offering worldwide travel privileges, luxurious experiences, airport lounge access to 1,300+ lounges globally, 24/7 concierge service, purchase protection, extended warranty, and earns 3 reward points per EGP 1 spent.
• Visa Signature Debit Card Premium debit card rewarding lifestyle with worldwide travel benefits, luxurious experiences, and 3 reward points per EGP 1 spent on purchases.
• Online & Mobile Banking Digital banking platform allowing customers to view account balances, order statements, request checkbooks, view transaction history, manage money transfers between accounts and to other Egyptian banks up to EGP 350,000 daily, and manage credit cards.
• Instapay Mobile app connected to Egypt's National Instant Payment Network (IPN) enabling instant money transfers between accounts at different banks in Egypt. Allows linking all bank accounts, checking balances, and making transfers 24/7 with transaction limits of EGP 70,000 per transaction and EGP 120,000 daily.
• SCB E-Wallet Digital wallet service for sending money, paying bills, and shopping using mobile. Features include money transfers to wallets at any bank, bill payments, QR codes for transactions, and charity donations. Daily limit of EGP 60,000 and monthly limit of EGP 200,000.
• SME Banking Services Comprehensive banking services for small and medium enterprises including financial services (financing up to EGP 5 million for various commercial and industrial activities) and non-financial services through BDS business development service centers inside branches.
• Your Loan Your Aid (Qardak Sandaak) Specialized SME financing program providing up to EGP 5 million for SMEs operating in commercial, industrial, contracting, and renewable energy activities. Financing with special interest rates and repayment period up to 5 years.
• Corporate Banking Services Comprehensive corporate banking services including SCB Digital Business Solutions, corporate products, syndicated loans, and structured finance solutions for large corporations and institutional clients.
• ACH Corpay Bulk Payment Service Automated Clearing House service for corporate bulk credit payments and direct debit collections in EGP currency. Enables payroll, supplier payments, pension transfers, and bill collection through a secure network under CBE supervision.
• Financial Institutions Services (Trade Finance & Custody) Custody and bookkeeping services for stocks and bonds, correspondent banking network, trade finance services including letters of credit and guarantees, and Vostro accounts for financial institutions globally.
• Cash Management Services Comprehensive cash management solutions for institutional clients including account management, liquidity management, and payment services.
• Mutual Funds / Asset Management Mutual fund investment products including Suez Canal Bank Mutual Fund, Al Agial Fund, and AMIG Fund with various NAVs and update frequencies for retail and institutional investors.
• Islamic Banking (Musharaka, Mudaraba, Murabaha) Sharia-compliant banking solutions including Musharaka Finance (partnership), Mudaraba, and Murabaha Sale. Services are provided through dedicated Islamic banking branches with supervision from the bank's Shariah committee.
• Islamic Sukuk Certificate Islamic-compliant certificate of deposit with variable interest based on Mudaraba concept. Interest paid quarterly with 75% for customer and 25% for bank. Redeemable after first 6 months and eligible for borrowing up to 90% of value.
• Sukuk Al-Khair Certificate Islamic certificate with competitive interest rates, minimum of EGP 1,000, and 3-year term. Early redemption after 6 months with discounted rates applied based on withdrawal timing.
• Sukuk Maisarah Certificate Sharia-compliant 3-year certificate compatible with Islamic law principles. Variable interest rate linked to CBE corridor rate with daily or monthly payout options.
• Elite Premium Banking Package Premium banking package for distinguished clients with minimum balance EGP 1 million or salary from EGP 50,000. Includes dedicated relationship management, concierge services, lifestyle benefits, Platinum debit and credit cards, and preferential loan rates.
• Elite Plus Premium Banking Bundle Enhanced premium banking tier for clients with minimum balance EGP 2-5 million or salary from EGP 100,000-250,000. Includes free Platinum debit card, 50% discount on card fees, 25% discount on loan admin fees, and safe box benefits.
• Elite Star Premium Banking Bundle Top-tier premium banking package for clients with minimum balance EGP 5-20 million or salary from EGP 250,000-500,000. Includes free Tharwa Saving Account, Daily Cash Account, Current Account, Signature debit and credit cards, 50% discount on loan admin fees and safe box annual fees.
• Beyond Youth Banking Program Tailored program for youth aged 15-35 offering a wide range of products and services including Saving Plus account, Titanium debit card, prepaid cards, credit cards with 25% off issuance fee, and personal loans with 25% off admin fee.
• Neqaty Loyalty Rewards Program Points-based loyalty program awarding points on credit card, debit card, and prepaid card transactions. Points can be redeemed at a wide network of international and local brands across Egypt. SCB NEQATY app available on iOS and Android.

Quantifiable outcome

• Total financial position reached EGP 270 billion (50% YoY growth) in 2025
• +5 more outcomes

Named customers10 records

Segments7 records

Ideal customer profiles7 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered minor and core.

• ThndrminorStrategic or Co-development Partner · 20 June 2026Suez Canal Bank is exploring an integrated digital banking and investment services partnership with Thndr, Visa, and Modopay pending Central Bank of Egypt approval. The initiative aims to create a seamless digital experience combining banking and investment offerings.
• LuckycoreStrategic or Co-development Partner · 14 March 2026Suez Canal Bank signed a strategic partnership agreement with Lucky fintech company to develop and deliver innovative financial solutions in Egypt. The collaboration combines the bank's infrastructure and regulatory expertise with Lucky's capabilities in data analytics and digital customer engagement, supporting financial inclusion and digital transformation goals.
• Talabat EgyptminorGTM or Marketing Partner · 7 March 2026Suez Canal Bank partnered with Talabat Egypt as part of the 'Sekket Rezk' initiative to provide employment opportunities through Talabat's logistics network to 55 young people from care homes, including opening personal bank accounts and providing transportation tools.
• Sonaa El Kheir Foundation for DevelopmentminorGTM or Marketing Partner · 7 March 2026Suez Canal Bank partnered with Sonaa El Kheir Foundation and Talabat Egypt to launch the 'Sekket Rezk' initiative supporting 55 youth from care homes with transportation tools and employment, under the patronage of CBE and Ministry of Social Solidarity.
• Alameda Healthcare GroupcoreStrategic or Co-development Partner · 28 February 2026Suez Canal Bank signed a cooperation protocol with Alameda Healthcare Group to provide integrated premium banking and healthcare services for high-net-worth and Privé clients. Under the agreement, clients receive exclusive medical benefits including comprehensive health check-up packages and dedicated relationship managers from Alameda.
• e-Aswaaq MisrminorStrategic or Co-development Partner · 29 November 2025Suez Canal Bank signed a cooperation protocol with e-Aswaaq Misr to expand digital financing solutions for SMEs and entrepreneurs in Egypt. The partnership leverages digital platforms to streamline processes, reduce operational costs, and promote financial inclusion.
• OlivminorStrategic or Co-development Partner · 18 October 2025Suez Canal Bank and Oliv signed an EGP 30 million credit facility agreement to finance SMEs in Egypt. Oliv is the first Egyptian company licensed by FRA to offer digital invoice financing, enabling SMEs quick access to working capital.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Emerging players

• Egyptian Gulf Bank: Mid-sized Egyptian private bank with retail, SME, and corporate offerings plus a digital transformation program. Comparable on scale tier and the digital-banking pivot, though with a smaller Islamic-banking footprint.

Direct peers

• QNB Al Ahli: Joint-venture Egyptian private bank (QNB Group) operating a similar nationwide branch network with retail, SME, and corporate services. Directly comparable in scale, product mix, and listed-EGX public-market profile.
• Arab African International Bank: Egyptian private-sector bank with a foreign-shareholder structure (similar to Suez Canal Bank) providing corporate, trade-finance, and retail services. Comparable on shareholder profile, correspondent banking, and corporate-banking depth.
• Commercial International Bank (CIB) Egypt: Egypt's largest private-sector bank offering retail, SME, corporate, and Islamic banking across a comparable product set. CIB is the most directly comparable peer given overlapping digital-banking investments, SME focus, and similar deposit/lending franchise on the EGX.
• Emirates NBD Egypt: Egyptian subsidiary of Emirates NBD offering retail, corporate, and Islamic banking. Comparable in mid-tier scale, digital banking investment, and cross-border Gulf-Levant positioning.
• Abu Dhabi Islamic Bank Egypt (ADIB Egypt): Egyptian subsidiary of Abu Dhabi Islamic Bank providing Sharia-compliant retail, SME, and corporate banking. Directly comparable on the Islamic banking product set, Sukuk offering, and Gulf-shareholder profile.
• Faisal Islamic Bank of Egypt: Egyptian pure-play Islamic bank offering Sharia-compliant retail, SME, and corporate products including Sukuk and Murabaha. Closely comparable on the Islamic banking franchise that Suez Canal Bank is scaling.

Broad incumbents

• National Bank of Egypt: Egypt's largest state-owned bank operating across all retail, SME, corporate, and Islamic segments. A broad incumbent that competes across every product Suez Canal Bank offers, but with substantially greater scale and state backing.
• Banque Misr: One of Egypt's largest state-owned universal banks with deep retail, SME, corporate, and Islamic banking franchises. Competes across all of Suez Canal Bank's segments and is a frequent syndicate co-lender.
• HSBC Bank Egypt: Multinational bank's Egyptian subsidiary offering retail, SME, and corporate banking. Comparable on correspondent-banking, trade-finance, and corporate-banking services, though with a much narrower retail branch footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/suez-canal-bank

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds2 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments12 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Suez Canal Bank