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Faisal Bank’s business volume reaches EGP 125B

Faisal Bank’s business volume reaches EGP 125B

ArabFinance: The business volume of Faisal Islamic Bank of Egypt (FAIT) reached EGP 124.576 billion by the end of May 2021, according to the bank’s statement to the Egyptian Exchange on July 18th.

This indicates a 12.7% Year on Year (YoY) growth compared to EGP 110.558 billion in June 2020.

Total assets rose by 15% YoY to EGP 122.905 billion in May 2021, compared to EGP 106.887 billion in June 2020.

The bank’s current and saving accounts grew 14.6% YoY to EGP 103.737 billion in June.

Faisal Islamic Bank posted a standalone net profit of EGP 1.017 billion in Half one of 2021.

Faisal Islamic Bank of Egypt is a financial institution that offers banking and investment services in accordance to Islamic Sharia principles through its head office and 27 branches located across the country.

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