FIBE significantly limits its tendency towards financial investments

Faisal Islamic Bank of Egypt (FIBE) is the first Egyptian Islamic and commercial bank and is considered to be an Islamic Banking Pioneer .

The bank's financial investments to total assets has been reduced by 61.89% at the end of 2022, compared to 64.53% at the end of 2021.

 Balances with banks occupied Second tendency, grew by 15.52% ofbank’s  total assets by the end of 2022 compared to 9.11% by the end 2021.

Mrabaha and Mudarabah to customers come in second place with 8.36% frombank’s  total assets by the end of 2022 compared to 9.11%2021.

The bank achieved average performance during the past year. Its net profit increased by 66.80%, to reach 4.48 billion pounds in 2022, compared to 2.68 billion pounds in 2021, an increase of 1.79 billion pounds.

The bank’s financial investments increased by 11.04%, to record 85.52 billion pounds at the end of 2021, compared to 93.85 billion pounds at the end of 2022,an increase of 9.33 billion pounds.

The bank’s assets portfolio grew by 15.77%, to reach 151.637 billion pounds by the end of 2022, compared to 130.982 billion pounds by the end of 2021, an increase of 20.65 billion pounds.

The bank’s Savings pool Jumped by12.84% to record 109.560 billion pounds by the end of 2021, compared to 123.63 billion pounds by the end of 2022, an increase of 14.07 billion pounds

The bank’s Murabaha and Mudarabah increased by%5.20to reach 14.55 billion pounds by the end of 2022, compared to 13.83 billion pounds by the end of 2021, an increase of 718.41 billion pounds