Egypt’s Faisal Islamic Bank posts 33.6% in first-quarter profits

Profit after tax of Faisal Islamic Bank of Egypt rose 33.6 percent to 1.04 billion Egyptian pounds ($60.9 million) during the first quarter of the year from 777.95 million last year, according to financial statements.

The bank said in a recent filing to the Egyptian Exchange (EGX) that it will disclose the audited financial results when completed.

In April, first-quarter standalone profits increased to 850.8 million pounds against 777.9 million pounds during the same period in 2018.