Abu Dhabi – Mubasher: The net profits attributable to the shareholders of Sharjah Islamic Bank hit AED 233.06 million in the first quarter (Q1) of 2023, an annual surge of 24.60% from AED 187.01 million.

The total operating income increased by 25.90% to AED 483.84 million in Q1-23 from AED 384.29 million, according to the initial financial results.

Basic and diluted earnings per share (EPS) reached AED 0.07 in the January-March 2023 period, versus AED 0.06 in Q1-22.

The total assets went up by 1.90% to AED 60.24 billion in Q1-23 from AED 59.12 billion as of 31 December 2022, while the clients’ deposits grew by 5.90% to AED 41.87 billion from AED 39.52 billion.

In the January-December 2022 period, the ADX-listed bank generated net profits worth AED 650.91 million, higher by 26.60% than AED 514.07 million in 2021.