Faisal Islamic Bank- Egypt’s Consolidated Profit Hit EGP 177.7 Mln At End-Q1

By Administrator On May 30, 2013

Faisal Islamic Bank of Egypt’s profit reached EGP 177.7 at the end of last March, compared to EGP 115 million at the end of 2012, registering an increase of EGP 2.7 million, according to the bank’s consolidated financial statements.

The bank’s non-consolidated profit rose to EGP 174 million at the end of the first quarter of 2013, compared to EGP 120 million at the end of 2012, registering an increase of EGP 54 million (44%).

The bank posted a 224.8% (EGP 440.02 million) increase in its net profit to reach EGP 635.7 million at the end of 2012, compared to EGP 195.7 million at the end of 2011.