ArabFinance: Suez Canal Bank (CANA) posted a 6% Year on Year (YoY) increase in its net profit during the first nine months of 2021, according to the banks statement to the Egyptian Exchange (EGX).

The bank achieved a net profit of EGP 376.9 million during the nine-month period ended September 2021, compared to EGP 355.9 million in the corresponding period of 2020.

During the first half of 2021, the bank reported an 11% YoY increase in its profit, recording EGP 601.66 million.

Suez Canal Bank is an Egypt-based company engaged in providing corporate, retail, and investment banking products and services.

The bank's range of banking products includes direct and indirect finance, loans, social funds, deposits, savings, credit cards, issuance of letters of guarantee, and other Islamic banking services, in addition to technical, economic, financial, administrative, and consultative services.

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