saib's corporate deposits achieve the fastest annual growth rate of 27.4% over the last 5 years

4/3/2025 3:31:42 PM

saib's corporate deposit portfolio has undergone a remarkable development over the last five years, supported by an expansionist strategy focused on strengthening relationships with large companies and attracting more cash flows from different types of institutions.

This strategy has contributed to sustainable portfolio growth, building on the Bank's competitive offerings, as well as enhancing digital banking services that facilitate deposits and liquidity management.

saib was able to achieve the highest annual growth rate in its total corporate deposits over the past year, after its portfolio volume jumped by 27.37% and an increase of 16.66 billion pounds, recording the equivalent of 77.50 billion pounds by the end of 2024, compared to 60.85 billion by the end of 2023.

Tracking the portfolio growth journey over the period under analysis, sai achieved its second fastest annual growth rate in the size of its corporate deposit portfolio in 2022 by 26.05%, after the total portfolio moved from the equivalent of 39.66 billion pounds by the end of 2021, reaching the equivalent of 49.99 billion by the end of 2022, with an increase of 10.33 billion pounds.

The Bank also witnessed remarkable growth in its total corporate deposit portfolio in the years following 2023, 2021 and 2020 with growth rates of 21.72%, 5.37% and 1.49% respectively.

In general, saib has been able to make a breakthrough in its key financial indicators over the past year, with net profits rising at a growth rate of 81.29% and an increase of 782.43 million pounds, recording the equivalent of 1.74 billion pounds in 2024, compared to 962.50 million in 2023.

The bank's pre-tax profits rose by 60.19%, registering the equivalent of 2.54 billion pounds in 2024, compared with 1.58 billion in 2023, an increase of 954 million pounds.

Net interest income increased by 59.93% and an increase of 2.66 billion pounds over the past year, registering the equivalent of 7.09 billion pounds in 2024, compared to 4.43 billion pounds in 2023.