Faisal Islamic Bank's volume of business increases 10%

The volume of Faisal Islamic Bank of Egypt’s (FAIT) business increased to LE52.8 bln at the end of April 2015, compared to LE47.9 bln in the same period last year, the bank announced. The increase marks a rise of 10.3% in comparison to last year. Additionally, the total assets of the bank increased by 9.8%, from LE47.4 bln in March 2014 to LE52 bln in April 2015. Meanwhile the bank’s net profits reached LE196.97 m in the first quarter of 2015, compared to EGP 172.3m during the same period in 2014. The bank’s capital is worth LE66.8bln, divided into 13.36 m shares at LE5 per share.