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Sharjah Islamic Bank records rise in Q1-24 profits to owners

Sharjah Islamic Bank records rise in Q1-24 profits to owners
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Sharjah Islamic Bank
NBS
0.45% 2.25 0.01

Abu Dhabi – Mubasher: The net profits attributable to the owners of Sharjah Islamic Bank hit AED 259.65 million in the first quarter (Q1) of 2024, an annual growth from AED 233.06 million.

Total operating income jumped to AED 504.74 million in Q1-24 from AED 483.84 million in Q1-23, according to the consociated interim statements.

Basic and diluted earnings per share (EPS) stood at AED 0.07 as of 31 March 2024, up year-on-year (YoY) from  AED 0.06.

The total assets enlarged to AED 70.11 billion in Q1-24 from AED 65.87 billion at the end of 2023, while the customer deposits fell to AED 45.07 billion from AED 45.20 billion.

Last year, the ADX-listed lender witnessed 30.80% higher net profits at AED 851.54 million, compared to AED 650.91 million in 2022.