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Dh360 net profit for Sharjah Islamic Bank
(MENAFN) For the first nine months of 2017, Sharjah Islamic Bank (SIB) scored a 7.2 percent increase of net profit with Dh360 million compared to Dh335.8 million for the same period last year.
Compared to Dh33.5 billion of total assets at the end of 2016, SIB reached Dh37.8 billion at the end of the third quarter of the current year.
Reflecting the strong liquidity position of the bank, liquid assets reached Dh8.2 billion or 21.6 per cent of the balance sheet at the end of the third quarter of 2017, compared to Dh7.8 billion or 23.4 per cent at the end of 2016.
Compared to Dh33.5 billion of total assets at the end of 2016, SIB reached Dh37.8 billion at the end of the third quarter of the current year.
Reflecting the strong liquidity position of the bank, liquid assets reached Dh8.2 billion or 21.6 per cent of the balance sheet at the end of the third quarter of 2017, compared to Dh7.8 billion or 23.4 per cent at the end of 2016.
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