Faisal Bank’s Finances Hit EGP 3.199 Bln At End Of September

By Administrator On Nov 12, 2012

Faisal Islamic Bank of Egypt’s Musharaka and Mudaraba fell by 149.8 billion (4.4%), registering EGP 3.199 billion at the end of last September, compared to EGP 3.349 billion at the end of last December.

The separated financial statements showed that the bank’s savings pools and certificates surged by EGP 3.67 billion, registering EGP 35.806 billion at the end of last September, compared to EGP 32.130 billion at the end of 2011.

The bank’s funds and balances held by the Central Bank of Egypt (CBE) reached EGP 2.960 billion at the end of last September, compared to EGP 3.391 billion at the end of 2011. The bank’s balances held by other banks reached EGP 3.417 billion at the end of last September, compared to EGP 5.146 billion at the end of last year.

The bank’s investments in affiliates and subsidiaries surged by EGP 98.7 million, registering EGP 860.2 million at the end of last September, compared to EGP 761.5 million at the end of 2011.

The bank’s non-consolidated profit reached EGP 515.3 million at the end of last September, compared to EGP 162.4 million at the end of 2011, registering an increase of EGP 352.8 million.