Bank «saib» records a net profit of EGP 837 million during H1-2025

The interim financial statements of «saib» for the period ending June 30, 2025, revealed that the bank recorded a net profit after tax of EGP 837.21 million (equivalent to USD 16.86 million) during the first half of 2025, compared to EGP 987.89 million (equivalent to USD 20.55 million) during the same period in 2024.

The bank’s total profit before tax reached EGP 1.25 billion (equivalent to USD 25.26 million) during the first half of 2025, compared to EGP 1.41 billion (equivalent to USD 29.23 million) during the first half of 2024.

Interest revenues rose by 12.8%, with an increase of EGP 9.827 billion, reaching EGP 11.63 billion (equivalent to USD 234.29 million) during the first half of 2025, compared to EGP 10.31 billion (equivalent to USD 214.52 million) during the first half of 2024.

Basic earnings per share amounted to EGP 25.32 (equivalent to USD 0.51) during the first six months of 2025, compared to EGP 29.81 (equivalent to USD 0.62) during the same period in 2024.

Regarding the bank’s balance sheet, the total assets increased by 12.7% during the first half of 2025, reaching 169.06 EGP billion by the end of last June, compared to 150 EGP billion by the end of 2024.

 The total deposits portfolio jumped by 18.5% during the first half of 2025, reaching EGP 139.20 billion (equivalent to USD 2.80 billion) by the end of June 2025, compared to EGP 117.45 billion (equivalent to USD 2.31 billion) by the end of 2024.

The total loans and credit facilities portfolio grew by 19.2% during the first half of 2025, reaching EGP 78.61 billion (equivalent to USD 1.58 billion) by the end of June 2025, compared to EGP 65.93 billion (equivalent to USD 1.30 billion) by the end of 2024.

Total shareholders’ equity stood at EGP 18.84 billion (equivalent to USD 379.50 million) by the end of June 2025, compared to EGP 19.72 billion (equivalent to USD 387.92 million) by the end of 2024.