Egypt - Faisal Islamic Bank of Egypt (FAIT) posted a standalone net profit of EGP 1.017 billion in the Half one (H1) of 2021, according to the company’s unaudited financial statements filed to the Egyptian Exchange.
This marked a Year on Year (YoY) rise of 28.5% when compared to EGP 791.639 million in H1 2020.
By the end of May, the bank’s business volume reached EGP 123.090 billion.
Total assets rose by 15.4% YoY to EGP 121.185 billion in May 2021, compared to EGP 105.001 billion in May 2020.
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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