Cairo-Mubasher: Société Arabe Internationale des Banques (SAIBANK) reported an increase of 13% to $28.8 million for the first nine months of 2015, up from $24.9 million for the same period of 2014.

The lender's net profit surged to $20.3 million in the first half of 2015, compared with $16.17 million for the similar period of the previous year.

SAIBANK is capitalized at $150 million, distributed across 15 million shares at $10 par value each.