Corporate news
Faisal Islamic Bank of Egypt 2025: Earnings decline 62.4% Due to FX Losses
-Faisal Islamic Bank of Egypt [FAIT] announced its consolidated financial statements 2025, showing a 62.4% y/y decline in earnings to EGP4.7bn, due to FX losses of EGP1.1bn vs FX gains of EGP5.8bn in 2024.
-Net interest income increased 4.5% to EGP11.6bn.
-Return on average equity stood at 11% vs 37% in 2024, lower than the bank’s historical average of 22.4%.
-Results indicate a current P/BV of 0.5x, in line with the bank’s historical average, and below the average P/BV of listed Islamic banks at 0.9x.
Omar Hegazy-Equity Analyst
OHegazy@egy.primegroup.org