Total assets hit $4bn by end of 2009
Sharjah Islamic Bank has reported a 12.3 per cent increase in net profits in 2009 to AED260.1m ($70.81m), compared to AED231.6m in 2008.
The bank’s total assets grew by AED439m to reach AED16bn, a 3 per cent rise since December 2008.
Customer deposits grew by 9 per cent to AED9.9bn at the end of 2009, compared to AED9.1bn at the same point in 2008.
Meanwhile, profits allocated and distributed to depositors rose to AED303.8m, a 33 per cent year-on-year increase.
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.