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Faisal Islamic Bank’s business volume rises 11% YoY in February

Faisal Islamic Bank’s business volume rises 11% YoY in February
The bank’s assets grew by 12.3% to EGP 117 billion in February

Cairo – Mubasher: Faisal Islamic Bank of Egypt saw its business volume growing by 11.3% year-on-year (YoY) to EGP 119.38 billion by the end of February from EGP 107.28 billion, the bank’s financial indicators showed.

The bank’s assets rose by 12.3% to EGP 117 billion in February, compared to EGP 104.38 billion in the same month in 2020, according to a statement to the Egyptian Exchange (EGX) on Tuesday.

Additionally, current accounts and savings schemes managed by Faisal Islamic Bank increased by 12.9% YoY to EGP 99.24 billion last month.