Faisal Islamic Bank of Egypt records 7% YoY lower consolidated profit in 2023

The bank’s standalone revenues surged 26.50% YoY

Staff Writer, Mubasher

March 5, 2024

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Cairo – The consolidated net profits of Faisal Islamic Bank of Egypt declined by 6.90% year-on-year (YoY) to EGP 4.42 billion in 2023 from EGP 4.75 billion.

The bank’s standalone revenues surged 26.50% YoY to EGP 23.35 billion last year from EGP 18.46 billion, according to unaudited financial indicators.

The earnings per share (EPS) decreased by 7.80% YoY to EGP 6,886 in 2023 from EGP 7,466.

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