283 million dirhams for the first half of 2018

Media In – Sharjah 15 July 2018 / WAM

Sharjah Islamic Bank reported a net profit of AED 283 million compared to AED 272.9 million for the same period last year, an increase of 4 per cent. Total assets increased 12 per cent to AED 42.8 billion at the end of the first half For the year compared to AED 38.3 billion for the end of 2017. Total facilities granted to customers amounted to AED 22.6 billion compared to AED 21.7 billion at the end of 2017. With an increase of 4.1 per cent, the Bank’s investments increased by 20 per cent to AED 6 billion compared to AED 5 billion by the end of 2017, And highly rated instruments. The Bank continued to pursue its conservative strategy to keep the liquidity level above 22 per cent of total assets, with total liquid assets at AED 9.5 billion, or 22.2 per cent of total assets, by the end of the first half of 2018. The Bank achieved significant success in attracting more customer deposits during the year, bringing total customer deposits to AED 25.7 billion, an increase of AED 3.4 billion or 15.2 per cent compared to AED 22.3 billion at the end of 2017.