bank of sharjah announces financial results for the period ended
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Bank of Sharjah announces financial results for the period ended

Arab Today, arab today

Arab Today, arab today Bank of Sharjah announces financial results for the period ended

Bank of Sharjah announces financial results for the period ended
Sharjah - Arab Today

The Bank of Sharjah today announced its financial results for the nine months ending 30th September, 2017. Total Assets reached AED33,059 million, an increase of 27 percent over the corresponding 30th September, 2016, figure of AED26,128 million. When compared to the 31st December, 2016, figure, Total Assets increased by 22 percent from AED27,097 million.

Customers’ Deposits reached AED23,692 million, an increase of 28 percent over the corresponding 30th September 2016 figure of AED18,491 million. When compared to the 31st December 2016 figure, Customers’ Deposits increased by 20 percent from AED 19,737 million.

Loans and Advances reached AED16,381 million, 2 percent above the corresponding 30th September 2016 figure of AED16,016 million, and 4 percent less than the 31st December, 2016, balance of AED17,075 million.

Net Liquidity remains high compared to industry levels at AED10,862 million as at 30th September 2017, 100 percent more than 30th September 2016 at AED5,434 million and 96 percent more than 31st December 2016 balance of AED5,542 million.

Total Equity at the end of the nine months of 2017 stood at AED4,503 million, 3 percent less than 30th September 2016 balance of AED 4,621 million and 2 percent less than 31st December 2016 balance of AED 4,600 million.

Capital Adequacy ratio kept its strong level and stood at a high of 20.40 percent in the nine months of 2017. Net operating income reached AED489 million in the nine months of 2017 compared to AED490 million in the same period of 2016.

Net profit for the nine months of 2017 reached AED265 million, against AED268 million for the same period of 2016. As a result, earnings per share for the period were down by 1 percent at 12.3 fils compared to 12.4 fils in the same period of 2016.

Commenting on the results, Ahmed Al Noman, Chairman of the Board, expressed the board’s satisfaction with the bank’s interim result, and that equity was affected by the distribution of cash dividends and the downturn in the market value of strategic investments. While it is still early to predict year-end figures, we expect a sustained performance during the fourth quarter to meet comfortably the budget of 2017.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

bank of sharjah announces financial results for the period ended bank of sharjah announces financial results for the period ended

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

bank of sharjah announces financial results for the period ended bank of sharjah announces financial results for the period ended

 



GMT 21:16 2016 Monday ,27 June

Zaki Badr discusses cleaning problem in Giza

GMT 21:46 2017 Saturday ,14 January

Turkey arrests 60 businessmen for alleged Gulen ties

GMT 22:38 2017 Friday ,24 March

Abbas meets with Merkel in Berlin

GMT 09:02 2017 Monday ,27 March

Tunisian Premier Concludes Visit to Sudan

GMT 15:54 2017 Friday ,01 September

Attorney General Directs Prosecutors to inspect Prison

GMT 09:22 2017 Sunday ,31 December

HM King condoles with Afghanistan President

GMT 10:12 2016 Wednesday ,06 April

Strong dollar, mild weather shrink H&M profits

GMT 17:03 2016 Saturday ,24 December

7 police killed in attacks in Afghansitan

GMT 13:51 2017 Friday ,17 March

Israel denies Syria shot down a warplane

GMT 04:08 2017 Thursday ,05 January

Carbon tax can fund clean energy transition

GMT 19:27 2016 Wednesday ,14 September

Alstom to go ahead with plans to shut down Belfort plant

GMT 01:44 2017 Friday ,15 December

Mennat-Allah underlines importance of landscapes

GMT 04:57 2017 Thursday ,14 December

Trump tells NASA to send Americans to Moon

GMT 21:43 2017 Wednesday ,11 October

Qabil discusses with Swiss delegation improving power

GMT 21:06 2017 Sunday ,17 September

OIC condemns suicide attack in Kabul

GMT 08:27 2017 Thursday ,27 April

Nokia reports another loss as networks sag

GMT 19:41 2017 Monday ,06 February

Elina Svitolina Claims Taiwan Open Title

GMT 09:39 2017 Friday ,03 February

Former Brazilian president Lula's wife dies of stroke
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday