Sharjah Bank records 116 million dirhams net profits in the first quarter
Sharjah, May 7 / WAM / Sharjah Bank recorded 116 million dirhams, net profits for the first quarter ending on March 31, 2025, an increase of 45% compared to 80 million dirhams during the same period in 2024.
This strong performance reflects the continuation of the positive momentum that followed the noticeable shift in the bank’s performance during the year 2024, driven by a tight strategy, disciplined management of risks and improving operational efficiency.
An official statement issued today by Sharjah Bank indicated that the bank’s results for the first quarter were based on a flexible public budget and a wise distribution of assets and a constant focus on business growth. Accordingly, operational income increased in the first quarter to 201 million dirhams, an increase of 40.6% on an annual basis, while the bank continued its efforts to control the costs, completing the positive path that it started in 2024.
Sheikh Muhammad bin Saud Al Qasimi, Chairman of Sharjah Bank, said, ” He added that the dynamic of the UAE economy provides promising and varied opportunities and we are in a distinguished location that enables us to benefit from it.
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