saib achieves an outstanding performance on First Bank lists

saib has managed to perform well during the current year, leading to its ranking on several of First Bank's lists for banks listed on the Egyptian stock exchange, thanks to the efforts of Tarek El Kholy, the Chairman and Managing Director of the bank, and his team.

This is evident in the bank's ranking on many of the classification lists issued by First Bank's rating center, which measures and classifies the financial performance of banks listed on the Egyptian stock exchange.

saib tops First Bank list for banks with the fastest growth in Equity during the first half of the current year, with a growth rate of 34.4%, reaching a total Equity of EGP 11.4 bn by the end of June 2023, compared to EGP8.5 bn at the end of 2022.

It also claimed the first position on First Bank's list for banks with the fastest growth in syndicated loans during the first half of 2023, with a portfolio growth rate of 17.25%, reaching EGP13.709 bn by the end of June 2023, compared to EGP 11.692 bn at the end of 2022.

Furthermore, saib secured the second position on First Bank's list for banks with the fastest growth in corporate deposits during the first 6 months of the current year, with a growth rate of 19.53%, recording EGP59.8 bn by the end of June 2023, compared to EGP50.03 bn in 2022.

It also claimed the second position on First Bank's list for banks with the fastest growth in total financial investments and T-bonds during the first half of the current year, with a growth rate of 29.35%, reaching a total portfolio of financial investments and T-bonds of about EGP29.1 bn by the end of June 2023, compared to EGP22.5 bn at the end of 2022.

Additionally, it ranked third on First Bank's list for banks with the fastest growth in assets during the first 6 months of the current year, with a growth rate of 21.54%, recording EGP105.1 bn by the end of June 2023, compared to EGP86.5 bn at the end of 2022.

It's worth noting that saib provides corporate and retail banking services as well as investment services in Egypt and abroad through its headquarters and 41 branches.

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