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Bank of Sharjah reports lower profits in 9M

Bank of Sharjah reports lower profits in 9M
The lender's total assets increased to AED 34.768bn
BOS
BOS
-1.25% 0.63 -0.01

Abu Dhabi – Mubasher: The consolidated interim financials of Bank of Sharjah showed net profits of AED 128.385 million in the first nine months of 2020, down from AED 172.011 million in the same period of 2019.

The bank's net interest income declined to AED 290.052 million in the January-September period of 2020 from AED 331.342 million in the corresponding period of 2019.

The lender's total assets increased to AED 34.768 billion as of 30 September 2020 from AED 31.747 billion as of 31 December 2019.

The earnings per share (EPS) settled at AED 0.061 in the first nine months of 2020, versus AED 0.082 in the corresponding period of 2019.

It is noteworthy to mention that in the first half (H1) of 2020, the bank's net profits retreated to AED 18.66 million from AED 152.16 million in the same half in 2019.