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SAIBANK reports 25.7% rise in half-year profits

SAIBANK reports 25.7% rise in half-year profits
Photo Credit: Arabianeye - Reuters

Cairo-Mubasher: Société Arabe Internationale des Banques (SAIBANK) registered an increase of 25.7% in net profits for the first six months of 2015, as it recorded $20.3 million (EGP 158.7 million) up from $16.17 million (EGP 126.25 million) for the same period of the previous year.

The lender's net interest income reached $64.36 million in H1-2015, compared with $ 41.6 million for the similar period of 2014.

Meanwhile, SAIBANK posted $11.1 in net profits for the second quarter of 2015, up from $9 million for the corresponding period of 2014.