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Bank of Sharjah edges up, reports 13 per cent higher net profit

: Wednesday, April 30 - 2014 @ 19:16

The Abu Dhabi market index (ADXGI) lost by 0.53 per cent to close at 5,044.62 points on Wednesday, April 30. Fish producer Asmak lost the most, heading down by 10 per cent to AED6.31. National Corporation for Tourism and Hotels was the top gainer, closing 9.47 per cent higher at AED7.05. Abu Dhabi’s 150-plus hotels recorded 2.6 million guest nights in the first quarter of 2014, up by 22 percent over the same period last year, state-news agency WAM reported earlier today, quoting the Abu Dhabi Tourism and Culture Authority. Bank of Sharjah (BOS) surged by 0.95 per cent to reach AED2.10. BOS revealed that its net income, for the first quarter of 2014, increased by 13 per cent to reach AED79 million ($21.54m), when compared with AED$70m ($19.9m) for the same period in 2013. “During the period, the bank continued to grow its loan book, while maintaining the solid structure of the balance sheet, with high levels of both liquidity and capital.”

Gérard Al-Fil

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Wednesday, April 30- 2014 @ 19:16 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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