Bank of Sharjah Reports 35% Profit Increase Amid Lending Growth

Jul 17, 2026

54 min

Jul 17, 2026 08:31

Bank of Sharjah profit surges on 20% lending growth

## Strong Financial Performance

Bank of Sharjah has announced a significant 35% rise in net profit for the first half of 2026, reaching Dh362 million. This growth is attributed to a 20% increase in lending and a substantial 45% rise in net interest income, which totaled Dh465 million.

## Lending and Deposits

The bank's net loans and advances climbed to Dh36.5 billion, reflecting robust demand for financing. Meanwhile, customer deposits grew by 6% to Dh33.5 billion, and total assets expanded by 10% to Dh53 billion. The bank's capital position also strengthened, with the total capital ratio improving to 18.7%.

## Operational Efficiency

Despite the growth, the bank maintained a cost-to-income ratio of 29%, indicating effective management of operating expenses. CEO Mohamed Khadiri highlighted the bank's focus on enhancing its operating model and digital capabilities to support sustainable growth.

## Economic Context

Chairman Sheikh Mohammed bin Saud Al Qasimi noted that these results were achieved despite global economic challenges, including geopolitical tensions and market volatility. The bank's strategic initiatives aim to bolster its resilience and adaptability in a complex economic environment.

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