SAIB's 9 month profit up 7% in initial financials

The bank's interest income retreated

Cairo – Mubasher: Societe Arabe Internationale de Banque (SAIB) reported net profits of $14.17 million in the first nine months of 2021, an increase of 7% year-on-year (YoY) from EGP $13.18 million, the unaudited financial results showed.

The bank's interest income retreated to $299.56 million in the January-September period of 2021, compared to $302.3 million in the prior-year period, according to a bourse disclosure on Monday.

In the first half (H1) of 2021, SAIB logged net profits of $8.95 million, up from $7.97 million in H1-20.

Source: Mubasher

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