Cairo – Mubasher: Faisal Islamic Bank of Egypt reported an increase of 283% in net profits in 2016, according to its unconsolidated financial statements.
The Islamic lender posted EGP 2.88 billion unconsolidated net profits in 2016 compared with EGP 753.8 million a year earlier.
The lender revenues also increased 65.4% to EGP 7.41 billion in 2016 up from EGP 4.48 billion at the previous year.
