Net profit before distribution to depositors increasing by Dhs75.5m or 35% to reach Dhs289.8m compared to Dhs214.3m for the same period last year.
Total assets grew by 31% since December 2006 reaching Dhs10.0bn. Net customer receivables reached Dhs5.8bn up by Dhs1.3bn (or 29%) while customer deposits reached AED 6.4 billion up by AED 1.9 billion (or 44%) growth since Dec 2006.
Mohamed Abdullah, CEO of Sharjah Islamic Bank commented, "The 3rd quarter results for 2007 show strong financial performance in all aspects of the bank's core businesses as well as in its subsidiaries. This is a reflection of the success of the efforts undertaken to execute our plans and strategic objectives."
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Sharjah Islamic Bank announces 20% rise in net profits to reach Dhs171.8m for the Q3 2007
- United Arab Emirates: Tuesday, October 16 - 2007 at 11:37
- PRESS RELEASE
Sharjah Islamic Bank announced its 3rd quarter 2007 results with net profit Dhs171.8m, compared to 143.6m achieved in the same period last year, achieving a 20% increase.
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Log in to request more information from Sharjah Islamic Bank (SIB)
Posted by Medilyn Manibo, Assistant News EditorTuesday, October 16 - 2007 at 11:37 UAE local time (GMT+4)
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