Faisal Islamic Bank’s business volume rises 11% in July

Cairo – Mubasher: Faisal Islamic Bank of Egypt on Sunday reported an 11% year-on-year growth in business volume during July, recording EGP 90.22 billion from EGP 81.24 billion.

The bank’s total assets rose by 10.7% to EGP 88.7 billion at the end of July, versus EGP 80.12 billion in the year-ago period, according to a filing to the Egyptian Exchange (EGX).

The Islamic lender’s current accounts and saving schemes increased by 10.2% or EGP 76.36 billion, while liquidated assets went up 16.2% to EGP 4.54 billion.

Faisal Islamic Bank of Egypt previously posted an 87.5% year-on-year rise in standalone profits for the first half of 2018.

The EGX-listed bank logged EGP 4.16 billion in net profits for H1-18, compared to EGP 3.2 billion in the year-ago period.

Mubasher Contribution Time: 12-Aug-2018 09:07 (GMT)
Mubasher Last Update Time: 12-Aug-2018 09:27 (GMT)

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