Abu Dhabi – Mubasher: Bank of Sharjah (BOS) on Saturday reported a net profit of AED 81 million ($22 million) for the first three months of 2016, a decline of 4.7% from AED 85 million ($23.1 million) achieved in the same period a year earlier.
The bank's assets increased 6% year-on-year to AED 27.65 billion from AED 26.18 billion, according to a filing to the Abu Dhabi Securities Exchange (ADX).
BOS noted that customer deposits were up 3% year-on-year to AED 19.3 billion, whereas loans grew 7% to AED 15.4 billion compared to the same period last year.
