Bank of Sharjah reported Q1 2026 net profit of AED 151 million, up 30% year-on-year, while profit before tax increased 28% to AED 166 million.
Net operating income rose 26% to AED 241 million, with net interest income jumping 49% to AED 215 million. Total assets reached AED 55 billion, up 13%, while net loans and advances climbed 14% to AED 35 billion. Customer deposits increased 16% to AED 36 billion.
The bank’s total capital ratio improved to 17.9%, while the cost-to-income ratio remained controlled at 30%.
Management said operations remained stable despite regional geopolitical volatility, supported by diversified exposure and disciplined risk management.
Gulf Economist Staff Writer