Sharjah Islamic Bank achieved 6% growth in first quarter profit, as net profit reached 151.7 million dirhams, compared to 143.1 million dirhams for the first quarter of Last uncle.

According to the Emirates News Agency, the annual rate of return on average shareholders ’equity increased to 11.32% at the end of the first quarter 2019 compared to 9.36% at the end of December 2018.

Net operating income reached 329.2 million dirhams at the end of the first quarter of the year compared to 254.8 million dirhams during the same period in 2018, an increase of 74.4 million dirhams, or 29.2% %.

The annual rate of return on average total assets rose to 1.36% at the end of the first quarter compared to 1.23% at the end of 2018.

The bank’s total assets reached 42.8 billion dirhams at the end of the first quarter of this year, to settle at the same level as the end of 2018.

On the assets side, the total facilities granted to customers reached 24.5 billion dirhams at the end of the first quarter of 2019, compared to 24.1 billion dirhams at the end of 2018, an increase of 357.1 million dirhams and a rate of 1.5 %.

The bank continued to follow its conservative strategy to keep the liquidity level above 20% of the total assets, as the total liquid assets reached 9.4 billion dirhams, equivalent to 21% of the total Assets by the end of the first quarter of 2019.


Namazon Services..programmed technical analysis platform ... for Emirati, Saudi, and global markets

To more:

Emirati Buruj listed on NASDAQ after selling it to British company