SAIB Bank maintains its contractionary policy during 9M-22

SAIB Bank, fast growing private sector lender, has been seen more conservative in utilizing its resources as its resources employment rate declined to 64.11 % in first 9 months of 2022 compared to a rate of 69.83% by 2021 end.

The resources employment indicator, launched by First Bank, measures to what extent the bank is employing its traditional resources (deposits + equity) in loans and financial investments.

The decline in the index indicates that the bank followed a contractionary or conservative policy in the employing its resources.

Thus, the bank has invested 2.50 billion pounds of its traditional resources, which amounted to EGP 3.932 billion by the end of September 2022 into loans and financial investments. It invested EGP 2.109 billion into loans and 411.5 million pounds into financial investments.

On the other Hand, it has invested EGP3.010 billion of its traditional resources, which recorded EGP 4.311billion by the end of 2021 into loans and financial investments. It has invested 2.166 billion into total loans, and  843.4 million pounds into financial investments.

The bank's traditional resources were distributed at the end of September 2022 between $3.607 billion into its deposit portfolio, and $324.898 million into share-holders equity.

In addition, Deposits to loans ratio increased to 58.47% at the end Q3-22, compared to 54.71% at the end of 2021.  Deposits to Financial investment ratio decreased to 11.41% at the end of September 2022, compared to 21.30% at the end of 2021.

The resources employment rate of the bank was far below the banking sector average of 90.03% at the end of August 2022, which indicates the bank is maintaining its conservative policy towards loans and financial investments.