Faisal Islamic Bank Egypt’s consolidated profit soars 43.2% YoY in H1
Updated 8/9/2023 9:29:00 AMArab Finance: Faisal Islamic Bank of Egypt (FAIT) reported a 43.2% year-on-year (YoY) surge in consolidated net profits after tax and non-controlling interests for the first half (H1) of 2023, according to the bank’s financial indicators filed to the Egyptian Exchange (EGX) on August 9th.
Consolidated net profits after tax and non-controlling interests amounted to EGP 2.894 billion in the six-month period ended June 30th, compared to a profit of EGP 2.021 billion in H1 2022.
Revenues rose to EGP 11.727 billion during the January-June period of this year, compared to EGP 8.587 billion during the first six months of 2022.
The lender announced before that its standalone net profits after tax stood at EGP 2.701 billion.
Faisal Islamic Bank of Egypt is a financial institution that offers Sharia-compliant banking and investment services.
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