Banque Misr’s Islamic finances hit 6 bln pounds in FY2016/17

Egypt’s second-largest state bank, Banque Misr says its Islamic financing portfolio has grown to 6 billion Egyptian pounds ($336.9 million) for the2016/2017 financial year, from 4 billion pounds the previous year.

The bank’s Islamic branches reached 35 at the end of June, it added in a statement on Wednesday.