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Sharjah Islamic Bank building.

Sharjah Islamic Bank announces 50% rise in Net Profits to reach Dhs202.1m for Q2 of 2014

: Monday, July 21 - 2014 @ 12:51

Sharjah Islamic Bank announced its 1st Half 2014 results with Net Profits reaching Dhs202.1m, compared to 134.7 million achieved in the same period last year, a 50% growth rate.

Net customer facilities reached Dhs14.5bn rising by Dhs2.0bn, a 15.7% increase since December 2013 and customer deposits reached Dhs13.7bn rising by Dhs1.8bn or 14.8% growth since Dec 2013.

Total Assets reached Dhs23.4bn, growing by 7.7% since Dec 2013.

SIB shareholder’s equity of 4.5 billion represents 19.2% of the total balance sheet footing reflecting the bank’s strong capital base and strong financial position that enables the Bank to achieve its strategic objectives.

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Monday, July 21- 2014 @ 12:51 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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