BoS reports 27% jump in 2013 net income

February 4, 2014 12:08 am

Bank of Sharjah has reported a 27% increase in 2013 net profits to Dhs353m, compared with Dhs277m for the previous year, Wam has reported. Total grew 9% to Dhs24.973bn, compared with the Dhs22.833bn recorded on December 31, 2012. Total shareholders’ equity increased by 4% to Dhs4.35bn from Dhs4.18bn, and the capital adequacy ratio stood at 22.32% as of December 31, 2013, compared with 23% for the same period in 2012, the bank said.