The div marked a 14% rise from the EGP 101.46 billion recorded in October 2019, the statement added
The bank’s total assets increased 13.3% to record EGP 111.9 billion in October 2020, compared to EGP 98.79 billion in the same month a year earlier.
The current accounts and deposits rose to EGP 95.17 billion in October 2020, a 14% growth from EGP 83.55 billion in October 2019.
The bank posted a standalone net profit of EGP 1.323 billion in the January- September period of 2020, marking 36% annual decline.
Faisal Islamic Bank of Egypt has got the approval of the Central Bank of Egypt (CBE) to merge the shares of Faisal Investment Bank – Bahrain to Ithmaar Bank.
Faisal is a financial institution that offers banking and investment services in accordance to Islamic Sharia principles through its head office and 27 branches located across the country.
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