Cairo – Mubasher: the unaudited financial statements of the Societe Arabe Internationale de Banque (SAIB) showed a 76.2% declined in the bank’s profits for the fourth quarter of the fiscal year 2016 to $3.5 million (#GP 65.4 million), versus $14.7 million ($274.7 million) for Q4-15.
Net profit for the fiscal year 2016, however, rose 12.8% to $48.5 million ($906.3 million) from $42.9 million ($801.69 million) for fiscal 2015.
Interest revenue amounted increased in fiscal 2016 by 19.8% to $631.1 million (EGP 11.7 billion), compared to $526.7 million (EGP 9.8 billion) for fiscal 2015, according to a statement.
