Cairo – Mubasher: The standalone financial indicators of Faisal Islamic Bank of Egypt showed a 28% year-on-year surge in profits for the nine-month period ended September 2017, due to higher revenues.
The bank achieved profits of EGP 1.1 billion in the January-September 2017 period from EP 892.8 million in the prior-year period, the bank said in a filing to the Egyptian Exchange (EGX) on Thursday.
Revenues increased to EGP 4.88 billion in the nine months period, compared to EGP 4.03 billion in the corresponding period of the year before.
The bank’s profits leapt to EGP 828.36 million in the first half ended June 2017 from EGP 490.34 million in H1-16, including minor shareholders' rights.
Faisal Islamic Bank’s stock closed Wednesday’s session up 0.59% at EGP 17.2.
