SAIB sees a leap in net profit by 133.12% in 9M-2022

Saib’s net profit increased by 133.12% in 9 months recording EGP 518.2 million, compared to 222.3 million during same comparable period a year earlier, according to its latest financial statements.

Furthermore, total customer loans jumped by 21.05%, recording EGP41.3 billion in 9M\2022, compared to 34.1 billion at the end of 2021 with an increase of 7.2 billion pounds.

In addition, Saib’s deposits portfolio  recorded a growth rate of 15.24% during 9M\2022 amounting to  EGP 71.8 billion at the end of September 2022, compared to 62.3 billion at the end of December 2021.

However, the bank’s asset portfolio increased by 17.43% during 9M\2022 increasing from EGP 71.4 billion s at the end of December 2022 to EGP 83.8 billion by the end of September 2022.