Bank of Sharjah, a leading bank in the UAE, has registered a slight drop in its first quarter net profit which fell to Dh81 million ($22.1 million) from Dh85 million ($23 million) last year.
Announcing the financial results
Bank of Sharjah is seeking shareholder approval for the issuance of bonds worth up to $1.5 billion, the lender told the bourse on Wednesday.
Assent will be sought at a shareholder meeting to be held on Apr. 30, the statement showe
Bank of Sharjah has posted a net profit of Dh250 million for the year ending December 31, 2015 as against Dh286 million for the previous year, marking a decline of 13 per cent.
Operating income stood at Dh833 million for the year,
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