Abu Dhabi – Mubasher: Bank of Sharjah (BOS) reported a 34% decline in net profit during 2017, registering AED 265 million, compared to AED 402 million a year earlier.

The bank’s total assets increased by 13% year-on-year to AED 30.511 billion in the last four quarters, according to a filing to the Abu Dhabi Commercial Exchange (ADX).

Meanwhile, customers’ deposits soared 10% to AED 21.63 billion in the previous fiscal year versus AED 19.737 billion in FY16.

Loans and deposits grew 2% year-on-year to AED 17.476 billion, while lender’s Earnings Per Share (EPS) tumbled 32%, recording AED 12.7 in 2017, in comparison with AED 18.7 in the year before.