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Egypt’s Suez Canal Bank reported on Sunday an 8 percent year-on-year growth in its net profit for the first half of the year driven by a surge in fee and commission revenue.
Net profit rose to 241 million Egyptian pounds ($15.3 million) at the end of June 2021, up from 224 million pounds in the same period last year.
Customers’ deposits also surged 4 percent year-on-year to 46.2 billion pounds at the end of June 2021, compared with 44.3 billion pounds at the end of December 2020.
