Faisal Bank: Assets Hit EGP 37.7 Bln In June 2012

The Faisal Islamic Bank of Egypt stated that the value of its assets rose by EGP 2.6 billion, registering EGP 37.7 billion at the end of June 2012, compared to EGP 35.1 billion at the end of 2011.

The bank’s deposits surged by EGP 2.2 billion, registering EGP 34.3 billion at the end of the first half of 2012, up from EGP 32.1 at the end of last year.

The value of investment balances soared by EGP 3.2 billion, registering EGP 36 billion at the end of June 2012, compared to EGP 32.8 billion at the end of 2011.

The bank’s capital adequacy rate reached 18.6% at the end of June 2012, up from 17.7% at the end of 2011.