Saib named among Egypt's Top 50 Companies for 2025 by Forbes Middle East
The bank secured the 35th position on the list, achieving net profits of $34m and total assets of $3bn, based on its financial statements for 2024.
Afdal Nagib, CEO and Managing Director of saib, described the inclusion in the Forbes Middle East ranking as 'an international recognition of the bank's financial strength, diverse banking services, and market expansion.' He added that it reflects saib's continued leadership in Egypt's banking industry and its focus on institutional excellence driven by innovation, efficiency, and sustainability.
Nagib emphasised that this achievement reaffirms the bank's successful strategy to deepen its footprint in the Egyptian market and expand its portfolio of competitive banking solutions, in line with national priorities for digital transformation and financial inclusion. He also highlighted saib's dedication to sustainable finance as part of its broader contribution to economic growth.
Forbes Middle East, one of the most respected names in global corporate rankings, compiled the 2025 list using data from the Egyptian Exchange and four equally weighted criteria: total sales, total assets, net profits for FY2024, and market value, based on share prices as of 25 April 2025.
Saib reported a strong financial performance in 2024. Pre-tax profits surged by 60%, climbing by EGP 954m to reach EGP 2.5bn, up from EGP 1.6bn in 2023. Net profits after tax rose by 81%, increasing by EGP 782m to EGP 1.7bn, compared to EGP 963m the previous year.
Interest income saw significant growth of 79%, reaching EGP 22.3bn in 2024, up from EGP 12.5bn in 2023.
Customer deposits grew by 38%, totalling EGP 117.4bn in 2024 compared to EGP 85.2bn in 2023. Notably, individual customer deposits rose by 64%, reaching EGP 39.9bn, up from EGP 24.3bn.
Net customer loans increased by 42.4%, reaching EGP 61.7bn in 2024, up from EGP 43.3bn the previous year. Meanwhile, the retail loan portfolio expanded by 56%, reaching EGP 19.8bn compared to EGP 12.6bn in 2023.
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