The Faisal Islamic Bank’s financing for micro enterprises recorded about EGP 17.046m in March 2021, compared to EGP 18.165m in 2020. The total portfolio of shares, profits, and speculations covered by Faisal Islamic Bank amounted to EGP 10.820bn at the end of March 2021, compared to EGP 10.020bn in 2020. The rate of the gross profit to revenue was about 49% in March 2021, compared to 44.3% in March 2020. Total revenues at Faisal Islamic Bank increased to record EGP 2.563bn in March 2021, compared to EGP 2.147bn in March 2020, reflecting a growth rate of 19.4%. Source dailynewsegypt.com The bank’s total equity was about EGP 14.588bn in March 2021, compared to EGP 14.387bn in 2020.

Source: Daily News Egypt May 31, 2021 06:56 UTC