The financial indicators of Faisal Islamic Bank of Egypt showed a 14.2% year-on-year increase in its business volume, recording EGP 100.25 billion in August from EGP 87.79 billion.
Assets held by the Islamic lender amounted to EGP 98.59 billion during August, compared to EGP 86.24 billion in the same month a year earlier, according to a statement to the Egyptian Exchange (EGX) on Sunday.
Meanwhile, the Egyptian bank’s current accounts and saving schemes amounted to EGP 83.1 billion at the end of August, while investment balances stood at EGP 90.95 billion.
The number of current accounts and saving schemes managed by the bank registered 1.692 million.
It is noteworthy that during the first half of 2019, Faisal Islamic Bank of Egypt logged a consolidated profit of EGP 1.35 billion, compared to EGP 1.32 billion in the prior-year period.