Societe Arabe Internationale de Banque (SAIB) has succeeded in becoming one of the most important banks operating in the Egyptian market over three years under Tarek El-Khouly leadership who achieve the targeted expansion, expand strongly in the technology infrastructure, and enhance the competitiveness of its products.
Since its establishment in 1976, SAIB Bank has made remarkable progress in building its services for individuals and companies, diversifying its portfolio by responding to the requirements of companies in Egypt.
Tarek El Kholy, has more than 35 years’ of extensive experience in the Banking and Finance industry, during which he has held key operational and managerial positions which helped him in making a remarkable progress in building SAIB services for individuals and companies and diversifying its portfolio by responding to the requirements of companies in Egypt.
The bank is currently operating according to a long-term strategy that aims to diversify all banking services, increasing its market share, maintaining a balanced growth in terms of loans and deposits and achieving high efficiency, in addition to maintaining excellent asset quality and a capital adequacy ratio.
El Kholy was appointed as assistant Sub- Governor at CBE (Chief Risk Officer) besides managing the re-engineering of process and procedures, and then he became the Sub- Governor at Central Bank of Egypt (Head of on- site Banking Supervision and Chief Risk Officer- Head of Risk Management).
SAIB Shifting From Losses to Profitability in Record Time
El Kholy succeeded in leading the bank shift from losses to profitability in a record time, whereas the bank’s losses estimated at $7.5 million in 2018, it has turned into achieving profits of $11.1 million in 2019, with a record growth rate of 248%,
However, the bank’s net profit continued its trending toward growth reaching $20.44 million in profits during 2020 with an 84% growth rate.
Thus, the bank’s net profits have more than tripled in just two years, with a total growth rate of 372% when comparing the losses in 2018 to the net profits of 2020!
SAIB total assets amounted to $4.67 billion at the end of March 2021, compared to $4.5 billion at the end of 2018, with an increase of nearly $167 million during this period.
In addition, the bank’s loans portfolio rose from $1.43 billion at the end of 2018 to reach 1.7 billion at the end of March 2021, with a growth rate of nearly 19%.
Furthermore, SAIB deposit portfolio increased from $3.8 billion at the end of 2018 to $4 billion at the end of March 2021 with a growth rate of 5.3%.
SAIB recognition by international institutions
In 2020, saib Bank was recognised as the fastest growing bank in Egypt by the Global Business Outlook magazine, one of the most prominent entities worldwide in the business and banking community.
The award was given due to the bank’s rapid growth in its business results during the past period. This growth was evident in the growing volume of revenues, improvement in performance indicators, and its increasing competitiveness in the market.
It also was awarded by the Fastest Growing Retail Bank Award by Global Banking and Finance Review.
SAIB has also received the prestigious annual STP Award for the year 2019, presented by Commerzbank, for outstanding performance in delivery of commercial and financial payments in euro currency.
The award recognises saib’s outstanding performance in payment architecture and reflects the bank’s consistently high SWIFT standards, which facilitate automated processing throughout the payment chain.
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