45 Days
Source:
Sharjah24
Sharjah Bank reports 362 million dirhams in net profits in Q2 2026
Sharjah Bank achieved a strong financial performance in the second quarter of 2026, with a net profit of 362 million dirhams, representing a 35% increase compared to the same period last year. Growth in revenue, a 26% rise in net operating income to approximately 553 million dirhams, and a 45% increase in net interest income to 465 million dirhams contributed to enhanced profitability and stable performance. Additionally, its assets grew by 10% to reach 53 billion dirhams, with net loans and advances increasing by 20% to 36.5 billion dirhams, and customer deposits rising by 6% to 33.5 billion dirhams. These results reaffirm the bank’s ability to adapt to economic challenges and demonstrate the success of its strategic implementation.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)