Sharjah Bank secures 558 million dirhams in 9 months

Sharjah Bank achieved net profits of 558 million dirhams during the first nine months of 2026, marking a 28.5% increase compared to the same period last year. This growth is attributed to strong revenue expansion and disciplined strategic execution. The bank's net operating income reached approximately 851 million dirhams, with net interest income rising by 39.5% to 717 million dirhams. Additionally, the capital adequacy ratio increased to 18.9%, while the cost-to-income ratio remained disciplined at 28.8%. The bank's balance sheet experienced robust growth, with total assets reaching 54.9 billion dirhams, a 13.5% increase. Loans and advances grew to 37.7 billion dirhams, representing a 24% rise, while customer deposits increased to 34 billion dirhams.

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