saib retail loans rose by 56.4% under Afdal Naguib’s leadership

Afdal Naguib, Chief Executive Officer and Managing Director of saib, has been able to strengthen the Bank's retail loan portfolio in a short time, specifically since taking over the executive leadership in November 2023.

saib's loan portfolio jumped 56.44% over the past year, reaching the equivalent of 19.78 billion pounds by the end of 2024, compared to 12.64 billion pounds by the end of 2022, with an increase of 7.13 billion pounds.

The relative weight of the individual loan portfolio increased to 30% of the Bank's total customer loans by the end of 2024, compared to a relative weight of 27.37% of the Bank's total customer loans by the end of 2023

This growth was driven by saib's third place on the First Bank list of banks listed on the Egyptian Stock Exchange for the fastest growing individuals' loans in 2024.

Turning to the items consisting of the Bank's retail loan portfolio, the credit card portfolio jumped by 36.81% over the past year, reaching the equivalent of 527.4 million pounds by the end of 2024, compared to 385.5 million pounds by the end of 2023, with an increase of 141.9 million pounds.

Regarding the personal loan portfolio, it jumped at a growth rate of 63.61% to register an increase of 6.52 billion pounds over the past year, reaching the equivalent of 16.77 billion pounds 2024, compared to 10.25 billion pounds by the end of 2023.

saib’s personal loan portfolio accounted for the largest proportion of the Bank's retail loan portfolio after its relative weight rose to 84.52% by the end of 2024, compared to 81.10% by the end of 2023.

The mortgage portfolio also saw a rise of 37.46% and an increase of 450.2 million pounds over the past year, reaching the equivalent of 1.65 billion pounds by the end of 2024, compared with 1.20 billion pounds by the end of 2023, while the bank's current account balances amounted to 822.7 million pounds by the end of December.

The bank's total customer loans jumped by 42.76% and an increase of 19.75 billion pounds over the past year, bringing the portfolio to the equivalent of 65.93 billion pounds by the end of 2024, compared with 46.18 billion pounds by the end of 2023.

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