Bank of Sharjah posts higher Q2 profits

Abu Dhabi-Mubasher: Bank of Sharjah posted a 5% rise in its second-quarter profits, according to a bourse statement.

Profits reached AED 95.05 million ($25.87 million) in Q2-16, compared to AED 90.46 million ($24.63 million) in Q2-15.

Net interest income increased by 5% to AED 137.25 million in Q2-16, compared to AED 130.88 million in Q2-15.

In the first half of 2016, profits went up 0.02% to AED 175.67 million from AED 175.62 million achieved in H1-15.

Net operating income grew to AED 326.81 million in H1-16 from AED 315.20 million in H1-15.

Mubasher Contribution Time: 24-Jul-2016 09:07 (GMT)
Mubasher Last Update Time: 24-Jul-2016 09:07 (GMT)