Cairo – Mubasher: Societe Arabe Internationale de Banque (SAIB) reported $9.245 million in net profits during the first nine months of the year, as shown by the bank’s financial statement.

The bank turned to profits, versus losses of $16.5 million for the same period last year, a bourse filing to the Egyptian Exchange (EGX) showed on Sunday.

Deposits rose by 10% during the nine-month period to $4.26 billion, up from $3.856 billion in the corresponding period in 2018.

Meanwhile, loans grew by 4% to $1.57 billion, compared with $1.511 billion in the same period a year earlier.