Sharjah Islamic Bank's Net Profit Rises By 6% in Q1 2019Source: www.export-egypt.com 4/16/2019, Location: Middle East |
|
|
|
|
|
Sharjah Islamic Bank, SIB, reported a six percent increase in its net profit, amounting to AED151.7 million in the first quarter of 2019, compared to AED143.1 million reported for the same period last year.
The Bank's total assets reached AED42.8 billion at the end of March quarter with the same level achieved by the end of 2018. Total customers financing reached AED24.5 billion during January to March period this year compared to AED24.1 billion at the end of 2018 with an increase of AED357.1 million or 1.5 percent. As a result, the Bank continued to pursue its conservative strategy to keep the liquidity level above 20 percent of the total assets. Liquid assets reached AED9.4 billion or 21 percent of the total assets by the end of the first quarter of 2019. Customer deposits stabilised during the year to reach AED26.4 billion, to settle at the same level of last year. Net operating income declared at AED329.2 million at the end of the first quarter compared to AED 254.8 million in the same period of 2018, showing an increase of AED74.4 million or 29.2 percent. Return (annualised) on average shareholders' equity increased to 11.32 percent at the end of the first quarter of this year compared to 9.36 percent at the end of December 2018. Return (annualised) on average assets witnessed an increase of 1.36 percent at the end of the first quarter compared to 1.23 percent at the end of December 2018. In a statement that bank said that it has a strong capital base. Total shareholders' equity at the end of the first quarter of this year reached AED5.4 billion, representing 11.94 percent of the bank's total assets and a capital adequacy ratio of 16.62 percent. |
|
|
Financials and Investment News in United Arab Emirates >> |
 |
|||||
|
Egypt >> 11/21/2024 - An International Monetary Fund (IMF) mission led by Ivanna Vladkova Hollar wrapped up in-person discussions with Egyptian authorities in Cairo regardi...
|
Egypt >> 11/21/2024 - The Engineering Export Council of Egypt (EEC) revealed that engineering industry exports increased by 25.6 percent from January to September, reaching...
|
|
Egypt >> 11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with Mr. Chang Won Sa...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouly, with Mahmoud Esmat, Minister of Electricity and Renewable Energy Minister, and Sultan Al Jaber, UAE Ministe...
|
|
Egypt >> 11/20/2024 - Egypt and Australia have seen a significant surge in their bilateral trade relationship, with the trade volume increasing from $270 million in 2015 to...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting in the New Administrative Capital.
The Cabinet is set to add... |
| United Arab Emirates Oil & Gas 1 >> 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | |
