SAIB Bank’s profits reach $19.9M in 2021

Updated 2/22/2022 11:31:02 AM

ArabFinanceSociete Arabe Internationale de Banque’s (SAIB) net profits after taxes inched down 2% to $19.933 million in 2021, from $20.441 million in 2020, according to financial indicators filed to the Egyptian Exchange (EGX) on Tuesday.

Interest income slipped to $398.582 million in the full year ended December 31st 2021, from $399.2 million in 2020.

Established in 1976, SAIB Bank is engaged in the provision of retail, corporate, and investment banking products and services through a network of 21 branches located across Egypt and abroad. It also offers Islamic banking products and solutions through its branches.