Faisal Bank Raised Assets Value To EGP 41.08 Bln In 2012
Faisal Islamic Bank of Egypt’s business volume grew 17% (EGP 5.9 billion) to reach EGP 41.2 billion at the end of 2012, compared to EGP 35.2 billion at the end of 2011.
The bank’s business results indicators revealed that the value of the bank’s assets surged by 17.1% (EGP 6.01 billion), registering EGP 41.08 billion at the end of 2012, compared to EGP 35.07 billion at the end of 2011.
The volume of the bank’s current accounts and savings pools stood at EGP 37.2 billion at the end of 2012, compared to EGP 32.2 billion at the end of 2011, registering an increase of 16% (EGP 5.1 billion).
The net investment balances after deducting provisions rose by 20.9% (EGP 6.4 billion), registering EGP 37.2 billion at the end of 2012, compared to EGP 30.8 billion at the end of 2011.
The bank’s equity grew 29.6% (EGP 603 million) to reach EGP 2.6 billion at the end of 2012, compared to EGP 2.03 billion at the end of 2011.
The number of accounts managed by the bank for customers reached 1.05 million accounts at the end of 2012, compared to 980,000 accounts at the end of 2011, registering an increase of 7.1% (70,000 accounts).
