Faisal Islamic Bank's profit grows 33% in H1 2021

The bank's net interest income increased to $17mln

  
A trader works at the Egyptian stock exchange in Cairo, Egypt, December 3, 2015.

A trader works at the Egyptian stock exchange in Cairo, Egypt, December 3, 2015.

REUTERS/Mohamed Abd El Ghany
Cairo –  Faisal Islamic Bank of Egypt reported consolidated net profits of EGP 1.097 billion in the first half (H1) of 2021, up by 32.8% year-on-year (YoY) from EGP 826.556 million, including minority shareholders' rights.

The bank's net interest income increased to EGP 2.7 billion in the six-month period ended 30 June from EGP 2.02 billion in the prior-year period, according to a bourse disclosure on Sunday.

Earlier, the bank reported its standalone net profit at EGP 1.015 billion in H1-21, up EGP 791.63 million in H1-20.

Source: Mubasher

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