Sharjah's profits reach USD47 million in H1


(MENAFN) announced last Sunday, Bank of Sharjah reported their financial results and affirmed constant clear revenue, for H1 of this year.


An increase by 2% in the Sharjah-based bank's net interest income, compared to the same time in 2015. Meanwhile, non-interest income fall by 6%, while clear drop on financial assets by 27%, which was reflected with a decrease of a 3% in the clear operating income to achieve USD 89 million for the H1 of this year.


On the other hand, net liquidity remains high compared to industry levels which were 10% less in June 2015.


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