The Banking Executive Magazine - March 2024 Issue

Faisal Islamic Bank FAISAL ISLAMIC BANK'S BUSINESS VOLUME UP 5.8% YOY IN FEBRUARY Faisal Islamic Bank of Egypt (FAIT) posted a 5.8% year-on-year (YoY) in- crease in business volume at the end of February 2024, according to the indicators filed to the Egyptian Ex- change (EGX). The bank’s business volume came in at EGP 178.388 billion at the end of February, compared to EGP 168.575 billion in February 2023. Total assets rose by 5.7% YoY to EGP 175.344 billion last February, versus EGP 165.888 billion in the same month of 2023. The number of customers’ accounts saw a 1.9% YoY uptick to EGP 2.006 billion in February from EGP 1.969 billion in the corresponding month last year. Faisal Islamic Bank of Egypt is a fi- nancial institution that offers banking and investment services in accor- dance with Islamic Sharia principles through its head office and branches located across the country. the BANKING EXECUTIVE 22 ISSUE 183 MARCH 2024