Faisal Islamic Bank's stand. profits leap to EGP 2B ending Sept. 2019
Updated 10/20/2019 1:02:08 PM
ArabFinance: Faisal Islamic Bank of Egypt (FAIT) (FAITA) announced in a statement sent to EGX, the Board of Directors was held on Oct. 17.
The bank's BoD approved financial results for the fiscal period ending Sept. 2019, which revealed posting consolidated net profits of EGP 2.059 billion, compared to posting net profits of EGP 1.967 billion in the same period a year ago, representing 4.7% growth.
The bank announced on Oct. 16, the volume of business increased to EGP 100.896 billion at the end of Sept. 2019, compared to EGP 87.587 billion in the same period last year, representing 15% growth, the bank stated in a statement sent to EGX.
