saib's net profits rose by 81%, recording EGP 1.74 bn in 2024

saib's financial statements, which ended on December 31, revealed that the bank's net profit after tax increased by 81% and an increase of EGP 782.435 mn, recording the equivalent of EGP 1.745 bn in 2024, compared to EGP 962.505 mn during the same period in 2023.

Pre-tax profit increased by 954% and an increase of EGP 800.5 mn, recording the equivalent of EGP 2.539 bn in 2024, compared to EGP 1.585 bn in 2023.

Interest income increased by 79% and an increase of 9.827 billion pounds, recording the equivalent of 22.309 billion pounds in 2024, compared with 12.482 billion in 2023.

The share's share share of profits rose during the first 6 months of this year at a growth rate of 83.37%, registering the equivalent (39.65 pounds) in 2024, compared to the equivalent (21.62 pounds) in 2023.

In terms of its financial position, the Bank's total deposit portfolio increased at a growth rate of 37.70% and an increase of 32.157 billion pounds over the past year, recording the equivalent of 117.451 billion pounds by the end of December 2024, compared to 85.294 billion by the end of December 2023.

Saib's total portfolio of loans and facilities   and banks recorded growth of 44.33% and an increase of 20.941 billion pounds over the past year, reaching the equivalent of 68.179 billion pounds by the end of December 2024, compared to 47.238 billion by the end of December 2023.

Total equity jumped by 59.53% and an increase of 7.359 billion pounds over the past year, reaching the equivalent of 19.721 billion pounds by the end of December 2024, compared with 12.362 billion by the end of December 2023.