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Islamic Finance Briefing - Categorized | Banking, Performance more

Bank of Sharjah posts 23pct net profit growth

Posted on 29 April 2010

From Gulfnews.com: Bank of Sharjah Wednesday reported a 23 per cent growth in net profit for the first quarter of this year to Dh134 million compared to Dh109 million in the same period of 2009.

Assets reached Dh18.4 billion, an increase of 14 per cent over the corresponding last year and 2 per cent over the asset level for the full year 2009. Equity increased 9 per cent to reach Dh3.9 billion compared to the last year’s first quarter level of Dh3.6 billion after a Dh240 million cash dividend payout for the first quarter………………………………….Full Article: Source

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