Faisal Islamic Bank's standalone profit drops 36% in nine months

Cairo – Mubasher: The unaudited standalone financial results of Faisal Islamic Bank of Egypt reported net profits of EGP 1.3 billion during the first nine months of 2020, down by 35.7% year-on-year (YoY) from EGP 2.05 billion.

The bank’s revenues decreased to EGP 6.89 billion during the January-September period from EGP 6.9 billion in the corresponding period a year earlier, according to a bourse disclosure on Sunday.

During the first half (H1) of 2020, the lender logged EGP 826.55 million in consolidated net profits, down from EGP 1.35 billion in the prior-year period.

Mubasher Contribution Time: 18-Oct-2020 09:01 (GMT)
Mubasher Last Update Time: 18-Oct-2020 09:01 (GMT)