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SAIBANK profits leap 24% in 2015

SAIBANK profits leap 24% in 2015
Photo Credit: Arabianeye - Reuters

Cairo-Mubasher: Société Arabe Internationale des Banques (SAIBANK) posted an increase of 24% in net profits for the fiscal year ended 31 December 2015, according to the bank’s interim financial indicators.

The lender saw net profits of $43 million in 2015, up from $34.65 million in the previous year.

Meanwhile, the lender’s top line stood at $526.7 million in 2015, compared with $329.7 million in 2015.