Faisal Islamic Bank of Egypt reported a 13.3% year-on-year growth in its business volume, recording EGP 98.9 billion at the end of June from EGP 87.29 billion.
The bank’s assets rose by 13.3% to EGP 97.28 billion at the end of the sixth month of 2019 from EGP 85.9 billion in the same month a year earlier, according to a statement to the Egyptian Exchange (EGX) on Thursday.
Year-on-year, the Islamic lender’s current accounts and saving schemes grew by 11.4% to EGP 81.98 billion, while investment balances went up 13.2% to EGP 89.78 billion at the end of last June.
Meanwhile, the number of current accounts and saving schemes managed by the bank reached 1.669 million.
During the first half of 2019, the bank logged net profits of EGP 1.376 billion, compared to EGP 1.34 billion in the year-ago period, according to the bank’s standalone financial statements.
Revenues rose by 9.8% to EGP 4.575 billion in the six-month period ended 30 June from EGP 4.168 billion in the corresponding period a year earlier.