Faisal Islamic Bank: turnovers rise to 57.8 bln Egyptian pounds at May-end

Faisal Islamic Bank of Egypt registered a year-on-year rise of 3.7 percent in its volume of businesses reaching 57.87 billion Egyptian pounds ($6.5 billion) by the end of May 2016.

By the end of May 2015, the bank registered a volume of businesses worth 55.8 billion pounds.

Total assets hiked to 56.89 billion pounds by the end of May 2016, compared to 54.58 billion pounds, marking a 4.2 percent rise.

Faisal Bank’s current accounts and saving pools rose 3.6 percent to record 50.54 billion pounds by May-end.