Faisal Bank’s business volume reaches $7.76bln

The bank’s current and saving accounts grew 14.1%

Egypt - The business volume of Faisal Islamic Bank of Egypt (FAIT) reached EGP 121.713 billion by the end of April 2021, according to the bank’s statement to the Egyptian Exchange on April 19th.

This indicates a 14.1% Year on Year growth compared to EGP 106.698 billion in the same period of 2020.

Total assets rose by 15% YoY to EGP 119.808 billion in April 2021, compared to EGP 104.156 billion in April 2020.

The bank’s current and saving accounts grew 14.1% YoY to EGP 101.552 billion in April.

The bank posted a net profit of EGP 2.247 billion in 2020, compared to EGP 2.78 billion in 2019.

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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