Cairo – Mubasher: Societe Arabe Internationale de Banque (SAIB) posted a 78% profit increase during the third quarter of 2016, according to a bourse filing on Wednesday.
The bank earned $14.04 million (EGP 243 million) in Q3 versus $7.88 million (EGP 136.3 million) for the third quarter of 2015.
Net profits for the first nine months leapt 60% year-on-year to $45.02 million from EGP 28.22 million.
Over the first six months, profits increased 52% to $30.98 million.
