Mubasher TV
Contact Us Advertising   العربية

Faisal Islamic Bank Egypt’s business volume rises 12.5% in October

Faisal Islamic Bank Egypt’s business volume rises 12.5% in October
The bank’s total assets rose by 12.4% to EGP 90.5 billion last month

Cairo – Mubasher: Faisal Islamic Bank of Egypt on Sunday reported a 12.5% year-on-year growth in its business volume during October, recording EGP 92.18 billion from EGP 81.9 billion.

The bank’s total assets rose by 12.4% to EGP 90.5 billion last month, versus EGP 80.53 billion in the year-ago period, according to a filing to the Egyptian Exchange (EGX).

Meanwhile, the Islamic lender’s current accounts and saving schemes increased by 11.5% at a value of EGP 77.7 billion.

The number of accounts managed by the bank reached 1.69 million accounts at the end of October.

It is worth noting that Faisal Islamic Bank of Egypt reported an EGP 1.9 billion in net profit for the first nine-month period of 2018, versus EGP 1.1 billion in the corresponding period of 2017.