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Earnings Out: FAIT - CIEB

Faisla Islamic Bank of Egypt (FAIT) has recently announced its financial results for the period ending on September 30th, 2023. The bank witnessed a significant surge in profit, with a growth rate of 48.6%. The total profit reached EGP 3.788 billion, compared to EGP 2.548 billion in the previous year, resulting in an earnings per share (EPS) of EGP 5.935/share.



Credit Agricole Egypt (CIEB) has also released its financial performance for the nine months ending on September 30th, 2023. The bank experienced a notable increase in net income, with a growth rate of 137.19%. The net income rose to EGP 3.805 billion, compared to EGP 1.604 billion in the same period of the previous year. This translated into an EPS of EGP 2.74/share, compared to EGP 1.16/share for the corresponding period in 2022.


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