ArabFinance: Faisal Islamic Bank of Egypt (FAIT) has reported an 32% annual increase in consolidated profits excluding minority shares, according to unaudited indicators filed to the Egyptian Exchange (EGX) on Thursday.

The bank’s consolidated profits excluding minority shares amounted to EGP 2.967 billion in 2021, compared to EGP 2.247 billion in 2020.

Consolidated revenue jumped 19.70% to EGP 14.257 billion last year, from EGP 11.908 billion the year before.

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