Faisal Islamic Bank profits leap to LE2.5 bn in 2018

Updated 2/28/2019 2:06:46 PM

ArabFinance: Faisal Islamic Bank of Egypt (FAIT) (FAITA) announced in a statement sent to EGX, the audited financial results for the fiscal period starting January 1, 2018, and ending December 31, 2018.

The company posted consolidated net profits of LE2.509 billion, versus net profits of LE1,777,223 billion in the same period a year ago.

Moreover, it posed the standalone net profits LE2.519 billion by the end of 2018, versus net profits of LE1.723 billion for the last year, representing 46.2% growth.