Abu Dhabi – Mubasher: Bank of Sharjah reported a 33% year-on-year hike in profits for the full-year 2018.
Net profits amounted to AED 352 million ($95.85 million) in 2018, compared to AED 265 million ($72.16 million) in 2017, according to a recent statement to the Abu Dhabi Securities Exchange (ADX).
Earnings per share (EPS) levelled up 31% to AED 16.7 for the year ended 31 December 2018, versus AED 12.7 million in the previous year.
The UAE's lender's operating expenses grew 9% to AED 323 million by the end of 2018, from AED 296 million in the previous year.
Meanwhile, net impairment loss on financial assets fell 84% year-on-year to AED 34 million in 2018.
