Faisal Islamic Bank of Egypt records 24% standalone profit decline

Faisal Islamic Bank recorded a year on year increase of 14.5% in business volume during April

  

ArabFinance: Faisal Islamic Bank of Egypt reported a 24% Year on Year decline in its standalone net profit in 2020, according to the company’s financial statements filed to the Egyptian Exchange.

Standalone net profit before minority interest stood at EGP 2,058,256 in 2020, compared to EGP 2,714,848 achieved a year earlier.

Faisal Islamic Bank recorded a year on year increase of 14.5% in business volume during April.

The bank announced distributing cash dividends of EGP 1.28332 per share on April 16th.

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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