Sharjah Islamic Bank announces a 20% rise in Net Profits to reach AED 171.8 million for the 3rd quarter of 2007

Click here: Zawya.com – Sharjah Islamic Bank announces a 20% rise in Net Profits to reach AED 171.8 million for the 3rd quarter of 2007

Sharjah Islamic Bank announced its 3rd quarter 2007 results yesterday with net profit AED 171.8 million, compared to 143.6 million achieved in the same period last year, achieving a 20% increase. Net profit before distribution to depositors increasing by AED 75.5 million or 35% to reach AED289.8 million compared to AED 214.3 million for the same period last year.

Total Assets grew by 31% since December 2006 reaching AED 10.0 billion. Net customer receivables reached AED 5.8 billion up by AED 1.3 billion (or 29%) while customer deposits reached AED 6.4 billion up by AED 1.9 billion (or 44%) growth since Dec 2006.

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