Oct 19 2011 |
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UAE: SIB reports Dh205m net for nine months
By Staff Report SHARJAH - Sharjah Islamic Bank on Tuesday announced its first nine months result and said the bank earned the net profit of Dh204.7 million, compared to Dh191.6 million achieved in the same period last year with an increase of seven per cent.The bank said its balance sheet grew since December 2010 with total assets reaching Dh18.9 billion compared with Dh16.7 billion which is 14 per cent up.
Net customer receivables reached Dh10.4 billion compared to Dh9.7 billion on December 2010 with an increase of seven per cent and customer deposits reached Dh11.1 billion, compared with Dh10.4 billion with an increase of seven per cent since December 2010.
The Sharjah-based bank's total shareholder equity amounting to Dh4.4 billion represents 23 per cent of the total assets and total liquid assets reached Dh5.6 billion which represents 30 per cent of the total assets reflecting the bank's strong financial position.
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