Faisal Islamic Bank attains $49mln-profits in 2015 H1

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Faisal Islamic Bank of Egypt (FAIT) has achieved profits volume of 387.1 million Egyptian pounds (US$49.4 million) within the first half of 2015 versus EGP 351.48 million in the same period of 2014 marking 10% increase.

The financial lists of FAIT showed Thursday that bank’s revenues has been increased to 2.15 billion Egyptian pounds in six months opposed to 1.81 billion within the first half of 2014 registering 19% increase.

The volume of bank’s total assets also has been boosted to EGP 53.2 billion at the end of June 2015 compared to EGP 49.05 billion at the end of 2014 with 8.5% increase, the lists stated.

The business volume of Faisal Islamic Bank of Egypt has recorded EGP 53.2 billion.

According to the lists, FAIT’s saving pools and current accounts reached EGP 47.5 billion at the end of June 2015 versus EGP 43.8 billion at the end of June 2014 making 8.4% increase.

Moreover, the number of accounts managed by the bank has been increased from 1.083 million at the end of June 2014 to 1.086 million at the end of June 2015.

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