Cairo – Mubasher: Faisal Islamic Bank of Egypt’s standalone financial statements showed a 7.9% year-on-year profit increase during the full year 2019.

The bank’s net profit grew to EGP 2.71 billion last year, compared to EGP 2.51 billion a year earlier, according to a bourse statement released on Thursday.

Revenue rose to EGP 9.3 billion in 2019, against EGP 8.25 billion the year before.

It is noteworthy that the EGX-listed bank’s net profit stood at EGP 2.05 billion during the January-September period of 2019, compared to EGP 1.96 billion in the prior-year period.