The Board of Directors of saib Bank has granted initial approval for a proposal to issue a fixed-income, nominal, non-convertible bond programme to be offered in several tranches in Egyptian pounds over a three-year period.
The programme, with a total value of up to EGP 20bn, is designed to finance the bank’s expansion plans across various financing and investment activities. The issuance may be offered through either a private or public placement, depending on market conditions and regulatory approvals.
The board has called for an extraordinary general assembly meeting to approve the full terms and details of the programme.
In a statement, saib Bank confirmed that the offering will proceed only after securing the required approvals from the Central Bank of Egypt (CBE), the Financial Regulatory Authority (FRA), and the bank’s extraordinary general assembly, ensuring full compliance with Egypt’s regulatory framework.
The proposed issuance aligns with saib Bank’s strategy to diversify its funding sources and strengthen its capital base in support of its growth and expansion plans in the Egyptian market.
The bank’s recent results showed strong growth in its local-currency loan and credit facilities portfolio, which reached EGP 60.86bn in September 2025—an increase of EGP 17.46bn, or 40%, compared to EGP 43.4bn in December 2024.
Customer deposits in local currency also recorded robust growth, rising 43% to EGP 105.22bn in September 2025, up from EGP 73.64bn in 2024.
Total assets increased by 27%, reaching $3.75bn on 30 September 2025, compared to $2.95bn in December 2024.
Total revenues during the third quarter of 2025 amounted to EGP 5.938bn (equivalent to $124.024m), while net profit reached EGP 1.181bn (equivalent to $24.67m). These results reflect the success of the bank’s strategy, which focuses on expanding financing for retail banking, corporate credit, syndicated loans and SME lending, while delivering high-quality services and diversified savings products tailored to different customer segments.
In alignment with the CBE’s financial inclusion strategy, saib Bank continued to expand its branch network, which reached 44 branches in September 2025. The bank also boosted its ATM fleet—one of its most widely used electronic channels—to approximately 160 ATMs during the same period.
The bank also continued its community development efforts by launching initiatives and supporting vulnerable groups. Through these programmes, saib Bank aims to promote equality and ensure equal opportunities for all members of society, including people with disabilities.
These sustained efforts contribute to supporting the state’s development agenda and advancing the objectives of Egypt’s Vision 2030.
