Sharjah Islamic Bank posts 6% rise in Q1 profits

Abu Dhabi – Mubasher: Sharjah Islamic Bank’s profits for the first quarter of fiscal year 2017 increased 6% to AED 139.1 million ($37.86 million), versus AED 131.4 million ($35.76 million) for Q1-16.

Operating revenues rose in Q1-16 by 8.5% to AED 237.8 million, compared to AED 219.2 million for Q1-15, a statement to the bourse said on Sunday.

Customers’ deposits rose in Q1-16 by 7.6% year-on-year to AED 19.7 million.

Mubasher Contribution Time: 16-Apr-2017 12:30 (GMT)
Mubasher Last Update Time: 16-Apr-2017 13:04 (GMT)