Faisal Islamic Bank’s business volume rises 11% by February end

Faisal Islamic Bank of Egypt saw its business volume growing by 11.3 percent to record 119.38 billion Egyptian pounds by the end of February from 107.28 billion pounds a year earlier, the bank’s financial indicators showed.

The bank’s assets rose by 12.3 percent to 117 billion pounds in February, compared to 104.38 billion pounds in the same month in 2020.

Additionally, current accounts and savings schemes managed by Faisal Islamic Bank increased by 12.9 percent year on year to 99.24 billion pounds last month.