Cairo – Mubasher: Faisal Islamic Bank of Egypt stated that its turnover rose to EGP58.04 billion by the end of April 2016, 4.7% higher from EGP55.45 billion in April 2015.
In a bourse filing, the bank indicated that total assets increased 5.2% year-on-year during April 2016 to EGP57.04 billion from EGP54.2 billion.
In addition, the value of current accounts and saving schemes jumped by 4.6% year-on-year to EGP50.9 billion, while investment balances grew by 5.1% to EGP52.7 billion.
Further, liquidity assets registered an increase of 3.4% to EGP3.14 billion in April 2016 compared with EGP3.03 billion a year earlier.
In the first quarter of 2016, the bank reported a net profit of EGP274.8 million, compared to EGP196.9 million a year earlier.
