Afdal Naguib's strategy pushes saib's deposit portfolio towards record growth within 15 months

Since Afdal Naguib assumed executive leadership at Arab International Banking Corporation «SAIB» in November 2023, the bank has witnessed a remarkable development in the size of its customer deposit portfolio, adopting an ambitious strategy based on expanding digital banking services and enhancing customer confidence by providing innovative solutions that meet the needs of individuals and companies.
In this episode of Decision Makers, we discuss the role of Afdal Naguib and the impact of his strategy on the size of the bank's customer deposit portfolio, which jumped by 52.1%, achieving an increase equivalent to 44.41 billion pounds during the last 15 months, recording the equivalent of 129.58 billion pounds by the end of March 2025, compared to the equivalent of 85.17 billion by the end of 2023.
This strong increase in the customer deposit portfolio of «Saib» Bank is due to the record growth in its total individual deposits, which jumped by about 91% in just 15 months, recording the equivalent of 46.42 billion pounds at the end of March 2025, compared to the equivalent of 24.32 billion at the end of 2023.
This comes in addition to the increase in the bank's total institutional deposit portfolio, which jumped by 37% during the period under analysis, recording EGP 83.15 billion by the end of March 2025, compared to EGP 60.85 billion by the end of 2023.
In terms of the deposit utilization rate for granting loans at SAIB Bank «SAIB», it rose to 56.6% by the end of March 2025, compared to 54.2% by the end of 2023.
Overall, the efforts of Afdal Naguib resulted in the bank recording strong growth rates in its main indicators during the period under analysis, as net profits «saib» jumped at a growth rate of 81.5% during the past year alone, recording the equivalent of 1.75 billion pounds during 2024, compared to the equivalent of 963 million during 2023.
As for the first quarter of this year, the bank achieved net profits equivalent to 390 million pounds, compared to 581 million during the first quarter of 2024.
In terms of the bank's financial position, its total asset portfolio jumped at a growth rate of 50.6% during the period under analysis, reaching the equivalent of 162.16 billion pounds by the end of March 2025, compared to the equivalent of 107.65 billion by the end of 2023.