The Ordinary General Assembly of Faisal Islamic Bank of Egypt Increased the bank’s net profit at the end of the 2021 fiscal year by 30%
His Royal Highness Prince / Amr Muhammad Al-Faisal Al Saud – Chairman of the Board of Directors of Faisal Islamic Bank of Egypt – The meeting of the ordinary general assembly of the bank, which was held at the bank building in Al-Galaa Square in Dokki on Thursday evening, corresponding to the tenth of March 2020 AD, where the Assembly approved the report of the Board of Directors, the financial statements and the list of proposed dividends for the fiscal year 800 And approved a cash distribution of 8% of the nominal value of the share, which amounts to one US dollar, at a value of eight cents (equivalent to 1,7655 EGP) for each share after deducting zakat… In the same session, the Assembly approved the budget and final accounts of the Zakat Fund at the end of the fiscal year 7655, as well as the account of resources and banks for the aforementioned year.
His Highness, the President of the Council, praised the decisions and initiatives taken by the Central Bank of Egypt and Which had a positive impact in mitigating the repercussions of the Corona pandemic on the Egyptian banking sector and providing a favorable work environment for banks, including our bank, which achieved strong growth in various fields of banking work, which was reflected in achieving net profits of 7655. 9 million pounds for the fiscal year 7655, an increase of
AD, ranked higher in the annual rates of return on these vessels, and as a result, the total profits for the year of the report amounted to 7655. .6 million pounds, as this total included retained earnings of 7655, 7 million pounds, and the rest amounted to
. 9 million pounds, which represents the net distributable profit for the year 7655 AD, which is It made it possible to make competitive distributions to shareholders as a return on the share, so that the shareholders’ share of the profits reached 800, 8 million pounds.
The Governor added that the bank’s total assets arrived at the end of December
m to the equivalent of 800 one billion Egyptian pounds, registered an increase Estimated 32,07 billion pounds and its percentage 14% during the year, and balances amounted to Savings vessels and certificates (money under management) about 109. 6 billion EGP, an increase of 17, 6 billion pounds and its percentage 20220315 %, and the balances of this item are distributed among nearly two million accounts managed by the bank for the benefit of its clients. Our bank has succeeded in increasing the financing granted to small, medium and micro enterprises, bringing their percentage of the bank’s portfolio to about 29 % at the end of the fiscal year 7655 AD, and the employment and investment balances (after excluding the provision) amounted to Equivalent to 800, 1 billion pounds, an increase of
, 3 billion pounds and its average
, 6% represents the balances of this item 90, 9% of the total assets, and our bank kept enhancing its provisions with the aim of reducing the potential risks of operating losses in general during the period On the other hand, the administration succeeded in increasing the issued and paid-up capital at a rate of (%) to reach EGP 5.7 billion, which contributed to supporting the capital base and bringing the total property rights at the end of the year 7655 to the equivalent of 32,
His Excellency indicated the administration’s keenness to fully comply with the supervisory rules established by the bank The Central Bank of Egypt, the most important of which are capital adequacy standards, where the risk-based capital adequacy ratio at the end of December reached 7655 about