Societe Arabe Internationale de Banque (SAIB) logged net profits of $8.95 million in the first half (H1) of 2021, an increase of 12% year-on-year (YoY) from $7.97 million in H1-20, the unaudited financial results showed.
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On the other hand, the bank’s net interest income declined to $197.79 million in the January-June period, compared to $209.18 million in the same period in 2020, according to a bourse disclosure on Tuesday.
In the first quarter (Q1) of 2021, SAIB achieved net profits of $5.25 million, up from $4.11 million in Q1-20.
