Faisal Islamic Bank of Egypt (FAIT) reported a 19.3% Year on Year (YoY) fall in its net profit in 2020
By Staff Writer, Arab Finance
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.
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