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FINANCIAL NEWS
Sharjah Islamic Bank’s net profit grows by 6.2%
17 Jul 2017
(MENAFN) A report released by Sharjah Islamic Bank, SIB, posted a net profit of USD74.2mln for H1 of 2017 comparing to Dh257.mln for the same period last year, an increase by 6.2%.
Total assets reached Dh36.9bln at the end of Q2 comparing to Dh33.5bln at the end of 2016, as liquid assets reached Dh8.4bln or 22.8% of the balance sheet, reflecting the strong liquidity position of the bank.
According to the local news agency, net customer receivables of the bank amounted to Dh19.0bln at the end of the second quarter 2017, an increase of 11.2% or Dh1.9mln comparing to the end of the previous year.
MENAFN1707201700450000ID1095631142
MENAFN1707201700450000ID1095631142
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