Faisal Islamic Bank Egypt’s H1 consolidated profit leaps 84.6% YoY

Reuters Images/Mohamed Nureldin Abdallah

Revenues rose by 32.6% YoY

Staff Writer, Arab Finance

August 12, 2022

PHOTO

Egypt - Faisal Islamic Bank of Egypt (FAIT) reported an 84.6% year-on-year (YoY) hike in consolidated net profit after tax for the first half (H1) of 2022, according to the financial indicators filed to the Egyptian Exchange (EGX) on August 11th.

Net profit after tax amounted to EGP 2.025 billion in H1 2022, compared to EGP 1.97 billion in the same period last year.

Revenues rose by 32.6% YoY to EGP 8.58 billion in H1 2022 from EGP 6.47 billion.

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.

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