Bank of Sharjah Achieves Record Q1 Profit of Dh151 Million

May 6, 2026

53 min

May 6, 2026 22:30

Bank of Sharjah delivers record performance with net profit of Dh151 million

## Strong Financial Performance in Q1 2026

Bank of Sharjah reported a significant increase in net profit for the first quarter of 2026, reaching Dh151 million, a 30% rise from the previous year. This growth is attributed to robust revenue performance and effective cost management.

## Key Financial Metrics

The bank's net operating income rose by 26% to Dh241 million, while net interest income surged by 49% to Dh215 million. The total capital ratio improved by 410 basis points to 17.9%, and the cost-to-income ratio was maintained at 30%.

## Balance Sheet Growth

Total assets increased by 13% to Dh55 billion. Net loans and advances grew by 14% to Dh35 billion, and customer deposits climbed by 16% to Dh36 billion compared to the end of 2025.

## Leadership Comments

Chairman Sheikh Mohammed bin Saud Al Qasimi highlighted the bank's strong performance despite geopolitical uncertainties, emphasizing the quality and diversification of their operations. CEO Mohamed Khadiri noted the stability of the bank's financial performance amid market volatility, crediting their proactive risk management and diversified portfolio.

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