Société Arabe Internationale de Banque was established on the 21st of March, 1976, as the first joint Arab Ban

FirstBank فرست بنك البنك الأول فيرست بنك

Overview

 

Société Arabe Internationale de Banque was established on the 21st of March, 1976, as the first joint Arab Bank working in Egypt to abide by the provisions of the investment law 43 of the year 1974, which was amended in accordance with the investment laws 230/1989 and 8/1997.

saib’s issued and paid-up capital has increased from US$ 4 million in 1978 to reach US$ 150 million distributed over 15 million shares with nominal value of US$ 10 per share, while the authorized capital amounts to US$ 200 million.

The bank executes all banking investment business including financial and trade investments and contributes to financing economic, industrial, real estate, agricultural, and commercial projects, as well as Egyptian foreign trade.

The bank’s performance has been shooting to the stars over the past four years as it succeeded in enhancing its competitiveness at the level of all the financial products and services it provides, especially the products related to fintech.

The bank serves all segments of customers and provides distinguished services to Egyptian and foreign companies. It owns more than 34 branches in various Egyptian governorates, and is currently implementing a tight plan to support its geographical expansion.

Tarek ALkholy is currently leading SAIB Bank. During his tenure the bank witnessed a historic leap in its technical and financial performance as part of the central bank of Egypt’s restructure plan to develop and enhance its competitiveness.

Tarek Mohamed Badawy ALkholy

Chairman & delegated Member of the Board

Hassan Mokhtar Hegazy Kamal Eldin

Non-executive Board Member

Abu Bakr Mahmoud El Gindi

Non-executive Board Member

Ahmed Abdel Salam Abdel Aziz

Non-executive Board Member

Omar Abdelhamid Ibrahim Gouda

Non-executive Board Member

Sayed Farouk Abdel Hamid Elbaroudy

Non-executive Board Member

May Abdel Hamid Ahmed Elsayed

Independent Board Member

Mohamed Ahmed Mohamed Youssef

Non-Executive board member

Hatem Ali Sadek

Non-Executive board member

SAIB BANK

First Bank index is the first digital indicator in Egypt and MENA for measuring and catogrising banks' financial performance

EGP11.4 bn
Total Shareholders equity by June-2023end
55.81%
Loan-to-Deposit Ratio (LDR) June-2023end
EGP 35.5 bn
Total projects loans by June-2023end
EGP 11.3 bn
Total retail loans by June-2023end
18.60%
Capital adequacy ratio
3.78%
Return on shareholders equity at H1-2023
0.39%
Return on assets at H1-2023
15.62%
Composite index of financial solvency at H1-2023
2019
Prestigious Annual STP Award for the year 2019, presented by Commerzbank
2020
Fastest Growing Retail Bank in Egypt from Global Banking and Finance Review
2020
Fastest Growing Bank In Egypt from Global Business Outlook