Sharjah Bank announced its net profit results for the first half of 2024 by publishing the report and said that the bank had 171 million dirhams in net profit during this period.
Publish dateSaturday 27 July 2024 - 20:30
Sharjah Bank said that this figure represents an increase of 233 percent compared to the previous year, and net interest income increased by 108 percent.
According to Sharjah Bank, operating income grew by 34% and the cost-to-income ratio improved significantly to 40.1% due to the adoption of cost discipline measures.
Sheikh Mohammed bin Saud Al Qasimi, Chairman of Bank of Sharjah, said that despite the challenging geopolitical conditions in the region, the economy of the UAE remains resilient following economic diversification plans that provide a steady incentive for trade, investment and wealth creation.
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Source : news agency wam
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