Faisal Islamic Bank reports rise by 14.5% in its business volume during April

Faisal Islamic Bank of Egypt saw its business volume growing by 14.5 percent year-on-year (YoY) by the end of April to 109.6 billion Egyptian pounds from 95.75 billion pounds, the bank’s financial indicators showed.

The bank’s assets grew ton104.18 billion pounds at the end of last April from 91.7 billion pounds in the same month a year earlier.

Additionally, current accounts and savings schemes managed by Faisal Islamic Bank increased by 14 percent  to  88.9 billion pounds.

The number of current accounts and saving schemes ran by the bank recorded 1.7 million, an increase of 5.8 percent YoY from 1.6 million in April 2019.