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FINANCIAL NEWS
Sharjah’s profits reach USD47 million in H1
31 Jul 2016
(MENAFN) announced last Sunday, Bank of Sharjah reported their financial results and affirmed constant clear revenue, for H1 of this year.
An increase by 2% in the Sharjah-based bank’s net interest income, compared to the same time in 2015. Meanwhile, non-interest income fall by 6%, while clear drop on financial assets by 27%, which was reflected with a decrease of a 3% in the clear operating income to achieve USD 89 million for the H1 of this year.
On the other hand, net liquidity remains high compared to industry levels which were 10% less in June 2015.
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