saib gets many top positions on Egypt's fastest-growing listed bank lists

saib has achieved a strong performance during this year, pushing it to top many of the fastest-growing listed banks rankings in the first half of 2024, supported by the efforts of Afdal Naguib, Chief Executive Officer of the Bank.

The Bank leads the First Bank list of the fastest growing listed banks in equity during the first half of this year at a growth rate of 50.5%, with its portfolio jumping to EGP 18.6 bn by the end of June 2024, compared to EGP 12.4 bn by the end of 2023, with an increase of 6.3 bn pounds.

It ranked first on the First Bank list of the fastest growing listed banks in retail deposits during the first half of this year at a growth rate of 43%, with its portfolio rising from EGP 24.4 bn by the end of 2023, to EGP 34.8 bn by the end of June 2024, with an increase of 10.5 bn pounds

While it was able to clinch second place, on the First Bank list of the fastest growing listed banks in total customer loans during the first half of this year with a 33% growth, following the rise of its portfolio to EGP 61.5 bn by the end of June 2024, compared to EGP 46.2 bn by the end of 2023, with an increase of 15.2 bn pounds.

saib was also able to finish second on First Bank's list of the fastest growing listed banks in net profits in the first 6 months of this year at a growth rate of 163.1%, registering 988.3 mn during the first half of 2024, compared to EGP 375.7 mn during the same period of 2023, with an increase of 612.6 mn pounds.

The Bank ranked second on the First Bank list of the fastest growing listed banks in net fees and commissions income during the first 6 months of 2024 with a growth of 103.5%, after achieving EGP 548.7 mn in the first half of 2024, compared to EGP 269.7 mn during the same period of 2023.   It also finished second on the First Bank list of the fastest growing listed banks in corporate loans during the first half of this year. Its portfolio of corporate loans jumped to EGP 45.9 bn by the end of June 2024, compared to EGP 33.6 bn by the end of 2023, with a growth of 36.5% on a semi-annual basis.

Furthermore, saib got second position on the First Bank composite growth index for the fastest growing listed banks in the first 6 months of this year, with a composite growth rate of 64.2%, driven mainly by the growth of its net profits by 163.1%, as well as the growth of total portfolios of customer loans and facilities, assets and deposits at growth rates of 33%, 31.2% and 29.7% respectively during the first half of 2024.

It is expected that if saib’s strong performance continues, it will make significant progress in its work and activities, as well as a significant jump in its market share in the coming years.

For more about saib and its achievements, click more