Afdal Naguib's strategy achieves record leap in saib customers loans within one year

3/17/2025 3:28:04 PM

saib has undergone outstanding performance since Afdal Naguib assumed executive leadership of the Bank in November 2023, across all its financial indicators, adopting an ambitious strategy based on the expansion of digital banking services and enhancing customer confidence by providing innovative solutions that meet the needs of individuals and corporates.

In this cycle of decision makers, we address the role of the Afdal Naguib and the impact of its distinctive strategy on significantly increasing the size of saib's portfolio of loans during a record period.

Its outstanding leadership contributed to a rise in total loans and facilities for its customers at a growth rate of 42.76% and an increase of 19.75 billion pounds over the past year, bringing the portfolio size to 65.93 billion pounds by the end of 2024, compared to 46.18 billion by the end of 2023.

This marked increase in the total portfolio of saib customers came as a result of the record growth in the Bank's portfolio size, which jumped by 56.44% over the past year, to record Pound19.78 billion by the end of 2024, compared to Pound12.64 billion by the end of 2023, marking an increase of Pound7.13 billion.

This is also due to an increase in the bank's total corporate loan portfolio at a growth rate of 37.61% and an increase of 12.61 billion pounds over the past year, registering 46.15 billion pounds by the end of 2024, compared to 33.54 billion by the end of 2023.

The bank significantly boosted its common loan portfolio, jumping 51.60% over the past year, to 21.03 billion pounds by the end of 2024, compared with 13.87 billion by the end of 2023, to an increase of 7.16 billion pounds.

The bank's total personal loan portfolio jumped by 63.61% and an increase of about 4.26 billion pounds over the past year, moving from 10.25 billion pounds by the end of 2023 to 16.77 billion pounds by the end of 2024.

The deposit employment rate of saib has risen to 56.13% by the end of 2024, compared to 54.22% by the end of 2023.

Compared to 13.87 billion by the end of 2023, there was an increase of 7.16 billion pounds.

The deposit employment rate of Saib Bank has risen to 56.13% by the end of 2024, compared to 54.22% by the end of 2023.

As for the ratio of customer loans to saib's total assets reflecting the relative importance of financing in the volume of the bank's assets, it rose from 40.25 by the end of 2023, to 41.14% by the end of 2024.

Overall, the Bank's efforts resulted in strong growth rates in its key indices over the past year, with net profits rising by 81.29%, to 1.74 billion pounds in 2024, compared to 962.5 million pounds in 2023, with an increase of 782.4 million pounds.

The bank's total assets jumped by 39.34% over the past year, marking an increase of 42.3 billion pounds, approaching the portfolio size of 150 billion pounds by the end of 2024, compared to 107.7 billion by the end of December 2023.

The Bank's total deposit portfolio also jumped at a growth rate of 37.90% and an increase of 32.3 billion pounds over the past year, registering 117.5 billion pounds by the end of 2024, compared with 85.2 billion by the end of 2023.

As a result of these strategies and ongoing efforts, saib, under the leadership of Naguib's best, has successfully strengthened its position in the Egyptian banking market and achieved record growth rates in its key financial indicators in one year.