Total capital will reach Dhs2.4bn and shareholders equity reached Dhs4.2bn. Total assets grew by 4.7bn, a 43% rise since December 2007 reaching Dhs15.5bn and net customer receivables grew by Dhs3.7bn, a 57% rise reaching Dhs10.2bn. Customer deposits grew by Dhs2bn, a 30% rise since Dec 2007 reaching Dhs9.1bn.
SIB achieved total revenues of Dhs940.2m compared to Dhs695.1m in 2007, growing by 35%. After considering distributions to deposiors amounting to 228.1m in 2008, net operating income for the year reached Dhs433.2m compared to Dhs318m in 2007, growing by 36%.
The bank achieved Net profit of Dhs231.6m in 2008 which includes general and specific provisions of 201.6 million to meet any possible risks for SIB and its subsidiary companies compared to 301.8 million net profit achieved in the same period last year.
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Sharjah Islamic Bank announces net profits of Dhs231m and proposes 10% bonus shares
- United Arab Emirates: Sunday, February 08 - 2009 at 15:13
- PRESS RELEASE
The SIB board of directors approved the financial reports for 2008 proposing a distribution of Dhs220m, 10% of paid in capital in bonus shares.
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Posted by Nadeen El AjouSunday, February 08 - 2009 at 15:13 UAE local time (GMT+4)
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