The volume of Faisal Islamic Bank of Egypt’s business increased to EGP 52.8bn at the end of April 2015, compared to EGP 47.9bn in the same period last year, the bank announced.
The increase marks a rise of 10.3% in comparison to last year. Additionally, the total assets of the bank increased by 9.8%, from EGP 47.4bn in March 2014 to EGP 52bn in April 2015.
Meanwhile the bank’s net profits reached EGP 196.97m in the first quarter of 2015, compared to EGP 172.3m during the same period in 2014.
Established in 1979, Faisal was the first Islamic and commercial bank to operate in accordance with Islamic Shari’a law in Egypt.
The bank’s capital is worth EGP 66.8bn, divided into 13.36m shares at EGP 5 per share.
