Dubai, UAE — Bank of Sharjah reported a 35 percent rise in first-half net profit as higher interest income and continued balance sheet growth boosted earnings despite a volatile global economic backdrop.
Net profit for the six months ended June 30 rose to AED362 million ($98.6 million) from AED268 million ($73.0 million) a year earlier, while net operating income increased 26 percent to AED553 million ($150.6 million).
Net interest income climbed 45 percent to AED465 million ($126.6 million), supported by growth across the bank’s core businesses. The lender said its total capital ratio strengthened by 463 basis points to 18.7 percent, while its cost-to-income ratio remained at 29 percent, reflecting continued cost discipline.
The bank’s total assets grew 10 percent to AED53 billion ($14.4 billion), with net loans and advances rising 20 percent to AED36.5 billion ($9.9 billion) and customer deposits increasing 6 percent to AED33.5 billion ($9.1 billion) compared with December 2025.
Chairman Sheikh Mohammed bin Saud Al Qasimi said the results demonstrated the resilience of the bank’s business model despite geopolitical tensions, shifting interest rate expectations and volatility in global financial markets.
He said the bank would continue executing its strategy, strengthening customer services, investing in its workforce and capabilities, and delivering long-term value for shareholders.
Chief Executive Mohamed Khadiri said the bank posted another quarter of record financial performance while advancing strategic initiatives to improve its operating model, expand digital capabilities and enhance customer experience.
Khadiri said the lender entered the second half of the year from a position of strength, supported by a healthy balance sheet, robust capital and liquidity buffers, and a disciplined growth strategy.
