Faisal Islamic Bank Egypt’s standalone profit up 66.8% YoY in 2022

Reuters Images/Mohamed Nureldin Abdallah

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 27 branches located across the Egypt

Staff Writer, Arab Finance

January 20, 2023

PHOTO

Faisal Islamic Bank of Egypt’s (FAIT) standalone net profit rose 66.8% year-on-year (YoY) for the period ended December 30th 2022, according to the company’s financial statement sent to the Egyptian Exchange (EGX) on Thursday.

The company reported a standalone net profit after tax of EGP 4.475 billion in 2022, compared to EGP 2.682 billion in 2021.

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