Faisal Islamic Bank posts unaudited net of LE427 m in H1/2016

Updated 7/13/2016 4:12:30 PM

Arab Finance: Faisal Islamic Bank of Egypt (FAIT) announced unaudited standalone financial results for the fiscal period ending June 2016.

It revealed the bank posted revenues of LE2.540 billion versus LE2.151 billion a year earlier, representing 18% growth.

Moreover, it recorded net profits of LE 427.031 million after taxes versus net profits of LE 387.067 million in the same period a year ago, representing 10% growth.


Source: EGX & Arab Finance editor