Bank of Sharjah posts 13% jump in quarterly profit

May 4, 2014 9:45 am

Bank of Sharjah has announced its net profit for the first quarter of 2014 grew 13% to reach Dhs79m, compared with Dhs70m for the same period of 2013, Wam has reported. Loans and advances were up 6% to Dhs13.426bn, compared with Dhs12.655bn, and 2% more than the Dhs13.135bn recorded at the end of 2013. Total assets rose 5% year-on-year to Dhs24.536bn, but fell 2% from Dhs27.973bn posted on December 31, 2013.