Bank of Sharjah, a leading bank in the UAE, has registered a net profit of Dh353 million ($96 million) in 2013, up 27 per cent compared to Dh277 million the previous year.
The bank's total total assets surged nine per cent to
Bank of Sharjah expects net profit growth of around 25-30 percent in both 2013 and 2014, aided by an improved performance of the economy in the United Arab Emirates, its chief executive said.
Lenders in the UAE have on the whole p
The Bank of Sharjah, a leading bank in the UAE, has approved the distribution of 10 per cent of cash dividend to the shareholders for the financial year ended December 31, 2012.
Announcing this at the general assembly of Bank of S
UAE-based Bank of Sharjah has registered a net profit of Dh277 million ($77.4 million) for the year ending December 31, 2012, up nine per cent over Dh254 million the previous year.
Announcing the results, the Sharjah lender said i
Bank of Sharjah has announced that it has finalised and signed a cooperation agreement with Commerzbank International to set up a new private banking wealth management (PBWM) division.
Commerzbank will provide the customers of Bank of Shar
Bank of Sharjah has reported a net profit of Dh152 million ($41.38 million) for the first half of 2011, as against the net profit of Dh276 million reached in the corresponding period of 2010.
The decrease in the current period was mainly c
Bank of Sharjah has signed a $135 million club term loan facility with four mandated lead arrangers for its general corporate purposes, specifically for dollar denominated transactions.
The four lead arrangers are Commerzbank Aktiengesells
Bank of Sharjah, a leading bank in the UAE, said it has mandated a group of banks to arrange a $100 million loan for 'its general corporate purposes.'
The two-year loan will be arranged by Germany’s Commerzbank as the lead arranger along
Bank of Sharjah has recorded a net profit for the first quarter of 2011 at Dh81 million ($22.05 million), compared to Dh134 million in the corresponding period of 2010.
An increase in the bank’s collective impairment provisions and the dec
Jeddah-headquartered Roots Steel Group has announced the acquisition of Ginco Steel and Polyco, both wholly owned subsidiaries of Bank of Sharjah since 2000.
Roots Steel Group, established in 2008, is an ISO 9001:2008 certified organizatio