Egypt: Faisal Islamic Bank's business inch up 1.1% YoY in August

Reuters Images/Mohamed Nureldin Abdallah

Total assets grew by 1.2% YoY to EGP 222.137 billion last August, versus EGP 219.447 billion in August 2023

Staff Writer, Arab Finance

September 16, 2024

PHOTO

Faisal Islamic Bank of Egypt (FAIT) reported a 1.1% year-on-year (YoY) uptick in business volume at the end of August 2024, hitting EGP 225.803 billion, compared to EGP 223.271 billion, the bank stated.

Total assets grew by 1.2% YoY to EGP 222.137 billion last August, versus EGP 219.447 billion in August 2023.

The number of customers’ accounts inched up 1.6% YoY to EGP 2.022 billion in August from EGP 1.990 billion in the same month a year ago.

Faisal Islamic Bank of Egypt is a financial institution that offers banking and investment services in accordance with Islamic Sharia principles through its head office and branches located across the country.

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