Publish dateThursday 2 May 2024 - 20:28
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Economy
Story Code : 420

Sharjah Bank announced a net profit of tens of millions of dirhams

Sharjah Bank has reported that the results of the first three months of this first bank show an increase in net profit.
photo: wam
photo: wam
According to Amac News: According to the financial report of Sharjah Bank, it has made a profit of more than 80 million dirhams in the first three months of 2024.
According to Sharjah Bank, customer deposits increased by 26 billion dirhams (31 December 2023: 26.3 billion dirhams) and the loan-to-deposit ratio increased to 85.82%.
The bank reported strong capital with a regulatory capital adequacy ratio of 14.33% and regulatory Tier 1 and CET1 capital ratios of 13.14%.
https://amacnews.com/vdcbugbaprhb5.e4r.html
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