SAIB Bank has been ranked among the “50 Most Powerful Companies in Egypt for 2025” by Forbes Middle East magazine, which includes an elite group of companies that have distinguished themselves through their strong financial performance, business sustainability, and influence on the Egyptian market.
The bank ranked 35th on the list of the 50 most powerful companies in Egypt, with total net profits of $34 million and total assets of $3 billion, according to the bank’s 2024 results.
Mr. Afzal Najib, CEO and Managing Director of the bank, said that SAIB’s inclusion in the list of the 50 strongest public companies in Egypt for 2025 is an international testament to the bank’s strong financial performance, the diversity of its banking services, and its expansion in the Egyptian market. It also reflects the bank’s commitment to its leading role in the Egyptian banking sector and its constant endeavour to promote a culture of institutional performance based on innovation, efficiency and sustainability.
Naguib pointed out that this selection confirms the success of the bank’s strategy in strengthening its presence in the Egyptian market and expanding the scope of its competitive banking services, in line with the state’s orientation towards digital transformation and support for financial inclusion, as well as the bank’s keenness on sustainable financing as part of its role in achieving economic development.
Forbes Middle East is one of the world’s leading companies specialising in company rankings, basing its rankings on data from the Egyptian Stock Exchange and four main criteria with equal relative weights: sales, total assets, net profits for the 2024 fiscal year, and market value calculated according to market closings on 25 April 2025.
SAIB recorded strong financial performance during 2024, achieving a 60% increase in pre-tax profits, with an increase of EGP 954 million, reaching EGP 2.5 billion by the end of 2024, compared to EGP 1.6 billion in 2023. Net profits after tax rose by 81%, an increase of EGP 782 million, reaching EGP 1.7 billion compared to EGP 963 million in 2023.
Interest income also rose to 22.3 billion pounds in 2024, compared to 12.5 billion pounds in 2023, a growth rate of 79%.
Customer deposits grew by 38% in 2024, reaching EGP 117.4 billion, compared to EGP 85.2 billion in 2023. Individual customer deposits grew by 64% in 2024, reaching EGP 39.9 billion, compared to EGP 24.3 billion in 2023.
Net customer loans will also grow by 42.4% in 2024, reaching EGP 61.7 billion, compared to EGP 43.3 billion in 2023. while the total portfolio of individual customer loans increased by 56% to reach EGP 19.8 billion by the end of 2024, compared to EGP 12.6 billion in 2023.
