Arab Today, arab today bank of sharjah announces financial results for the year ended
Last Updated : GMT 14:18:49
Arab Today, arab today
Arab Today, arab today

Bank of Sharjah announces financial results for the year ended

Arab Today, arab today

Arab Today, arab today Bank of Sharjah announces financial results for the year ended

Bank of Sharjah
Sharjah - WAM

Bank of Sharjah, today reported its financial results for the year ended December 31st, 2015, showing a continued growth of its loan book while maintaining the solid structure of its balance sheet, with high levels of both liquidity and Equity.

Total Assets reached AED 27,587 million, an increase of 10per cent over the corresponding 31 December 2014 figure of AED 25,054 million reflecting the growth of the main items of the balance sheet. Loans and Advances reached AED 15,037 million, 7per cent above the corresponding figure of AED 14,080 million as at 31 December 2014.

Net Liquidity reached AED 7,463 million as at 31 December 2015, an increase of 23per cent compared to 2014 year figure of AED 6,085 million.

Total Equity as at 31 December 2015 stood at AED 4,622 million, 5per cent above the balance for the corresponding year of 2014 after payment of 2014 dividends. Net Interest Income increased by 17per cent compared to the corresponding figure of the year 2014.

The 2015 financial year had to bear the burden of a net total non-cash charge of AED 297 million. While the statement of profit or loss of the Bank was affected by this high figure it also proved the resilience and success of its performance model.

All the above led to a decrease in the current year Net Profit to AED 250 million, versus AED 286 million for 2014, i.e. -13 per cent. As a result, earnings per share reached 11.7 fils compared to 13.5 fils in 2014. However, total Comprehensive Income for the year increased by 28per cent to AED 309 million versus AED 241 million in 2014. Capital Adequacy ratio stood at a high of 21.13 per cent in 2015, versus 22.26 per cent end of 2014.

Subject to the ratification of the Shareholders General Assembly, the Board of Directors will propose no cash dividend (versus cash dividend of 3.4 per cent and the distribution of 4.98 per cent "buy back" shares for 2014).

Source:WAM

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bank of sharjah announces financial results for the year ended Arab Today, arab today bank of sharjah announces financial results for the year ended

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 06:41 2017 Monday ,27 February

Saudi CPI continues to slide downward

GMT 06:22 2017 Monday ,27 February

6th GCC Financial Forum kicks off today

GMT 06:00 2017 Monday ,27 February

Egypt puts off raising entry visa fee for visitors

GMT 03:20 2017 Monday ,27 February

Iran complies with nuclear deal: UN watchdog

GMT 00:29 2017 Monday ,27 February

UAE inflation up 2.3% in January
View News in Arabic - Business: اقتصاد عربي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Reasons for the delay 'On the Stairs of Servants'

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday