Faisal Islamic Bank – Egypt: Net Profit Falls 5.2% in 6 Months

Faisal Islamic Bank of Egypt registered a fall of 5.2% (around EGP 19.3 million) in its first half net profit. The bank reported a net profit of EGP 351.5 million in H1/2014, compared to EGP 370.8 million for the same period a year earlier.

Faisal Islamic Bank also recorded a decline of 3.3% (EGP 63.5 million) in its revenues, which reached EGP 1.843 billion, down from EGP 1.906 billion in H1/2013.