News Column

Sharjah Islamic Bank announces a 50 percent rise in net profits to reach AED 202.1 million

July 21, 2014

SHARJAH, 21st July, 2014 (WAM) -- Sharjah Islamic Bank has announced its H1, 2014 results with Net Profits reaching AED 202.1 million, compared to 134.7 million achieved in the same period last year, a 50 percent growth rate.

Net customer facilities reached AED 14.5 billion rising by AED 2.0 billion, a 15.7 percent increase since December 2013 and customer deposits reached AED 13.7 billion rising by AED 1.8 billion or 14.8 percent growth since Dec 2013. Total Assets reached AED 23.4 billion, growing by 7.7% since Dec 2013.

SIB shareholder's equity of 4.5 billion represents 19.2 per cent 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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Source: Emirates News Agency (WAM) (United Arab Emirates)

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