Sharjah Islamic Bank's 9-month net up 33%

Sharjah Islamic Bank announced its 2014 nine-month results with net profits up to Dh295 million, compared to Dh221 million achieved in the same period last year, a 33.5 per cent growth rate.

Net customer facilities reached Dh13.9 billion, rising by Dh1.4 billion, a 11.3 per cent increase since December 2013 and customer deposits reached Dh14.2 billion, rising by Dh2.2 billion or 18.9 per cent growth since December 2013. Total assets reached Dh24.4 billion, growing by 12.4 per cent since December 2013.

Liquid assets reached Dh5.7 billion, or 23.4 per cent of the total assets, compared to Dh5.1 billion or 23.6 per cent at the end of 2013.

SIB shareholder’s equity of 4.6 billion represents 18.6 per cent of the total balance sheet footing, maintaining a capital adequacy ratio of 25.3 per cent by the end of September.


 

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