Comment & Analysis
Financial Results
Islamic Finance
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Faisal Islamic Bank's profit down 54% in Q1 2020
The consolidated financial results of Faisal Islamic Bank of Egypt showed a 53.6% year-on-year drop in its net profits to EGP 483.53 million in the first quarter (Q1) of 2020 from EGP 1.043 billion. Meanwhile, the bank’s revenues fell to EGP 2.63 billion in the January-March period, compared to EGP…
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