• 19 Apr

    Q1 profits for Sharjah Islamic Bank rise to AED 139.1 million

    Sharjah Islamic Bank registered a net profit of AED 139.1 million for the first quarter of 2017, a 5.9 per cent increase year-over-year. The Bank registered AED 131.4 million net profit in the same period of last year. The Bank's net operating income totalled AED 237.8 million in the first quarter of 2017, up 8.5 per cent compared to AED 219.2 million in the same period last year.

    Sharjah Islamic Bank registered a net profit of AED 139.1 million for the first quarter of 2017, a 5.9 per cent increase year-over-year. The Bank registered AED 131.4 million net profit in the same period of last year. The Bank's net operating income totalled AED 237.8 million in the first quarter of 2017, up 8.5 per cent compared to AED 219.2 million in the same period last year.

    The bank's total assets amounted to AED 34.6 billion at the close of the first quarter of 2017 compared to AED 33.5 billion at the end of 2016. Net customer receivables of the bank amounted to AED 17.6 billion at the end of the first quarter 2017, an increase of 2.9 per cent compared to the year-end 2016, while the bank’s customer deposits surged 7.6 per cent to AED 19.7 billion during the first three months of 2017 from AED 18.3 billion at the year-end 2016.

     

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