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Bank of Sharjah delivers record performance with net profit of Dh151 million

Gulf News: Latest UAE news, Dubai news, Business, travel news, Dubai Gold rate, prayer time, cinema·WAM·26 days ago
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Assets, loans and deposits post double-digit gains amid disciplined cost control Last updated: May 07, 2026 | 02:25 SHARJAH: Bank of Sharjah today announced its financial results for the three-month period ended 31st March 2026, reporting exceptional performance and reinforcing the strong momentum achieved over the last two years. The Bank recorded net profit of Dh151 million, up 30% from Dh116 million in 2025, while profit before tax increased 28% to Dh166 million, reflecting strong revenue growth and disciplined execution across core businesses. Get updated faster and for FREE: Download the  Gulf News  app now - simply  click here . Net operating income increased by 26% to Dh241 million, while net interest income grew by 49% to Dh215 million. Similarly, Total capital ratio increased by 410 bps to 17.9%, while the cost-to-income ratio remained well controlled at 30% level, highlighting continued cost discipline.…

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