Capital Intelligence has affirmed the long- and short-term foreign currency credit ratings of Bank of Sharjah at (BBB) and (A2) respectively, with a stable outlook.
The agency added that it affirmed the bank's independent credit rating of (+bb) and the financial strength rating of (-bb).
It is reported that Bank of Sharjah's profits fell by 88% at the end of the first half of 2020, on an annual basis.
The bank's profits amounted to about 18.7 million dirhams at the end of the first half of 2020, compared to profits of 152.2 million dirhams in the same period in 2019.
