Sharjah Islamic Bank net profit's H1 2016 at AED257 mln

7/25/2016 12:27:23 AM

(MENAFN- Emirates News Agency (WAM))

SHARJAH, 24th July 2016 (WAM) --- Sharjah Islamic Bank (SIB) posted a net profit of AED257 million for the first six month of 2016, compared to AED204.6 million for the same period last year.

In a press release, the bank said its total assets stood at AED 29.8 billion at the end of the second quarter of 2016, compared to AED29.9 billion at the end of 2015.

Liquid assets reached AED6.4 billion or 21.5% of total assets at the end of the 2nd Quarter 2016. Net customer receivable reached AED15.8 million at the end of the 2nd quarter 2016 compared to AED 16.3 billion at the end of 2015, the bank added.

Investment securities surged by 48.9 per cent to reach AED3.5 billion compared to AED2.4 billion at the end of 2015.

The SIB's customer deposits reached AED17.5 billion, up AED526.3 million or 3.1 per cent when compared to AED17.0 billion at the end of 2015.

WAM/MMYS

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