Faisal Bank logs 2020 profit

Faisal Islamic Bank of Egypt (FAIT) reported a 19.3% Year on Year (YoY) fall in its net profit in 2020

  

ArabFinance: Faisal Islamic Bank of Egypt (FAIT) reported a 19.3% Year on Year (YoY) fall in its net profit in 2020, according to the bank’s statement to the Egyptian Exchange on March 18th.

Net profit stood at EGP 2.247 billion in 2020, compared to EGP 2.78 billion in 2019.

Earlier, the bank revealed that its business volume levelled up 11.3% YoY to EGP 119.38 billion by the end of February 2021.

Faisal Islamic Bank of Egypt is a financial institution that offers banking and investment services in accordance to Islamic Sharia principles through its head office and 27 branches located across the country.

Copyright © 2021 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Islamic Finance