Wednesday 20 January 2021 - 9:40:17 pm
Business
2021 Jan 20 Wed, 07:51:42 pm

Sharjah Islamic Bank achieves net profit of AED405.8 mln for 2020, propose 8% cash dividend

SHARJAH, 20th January, 2021 (WAM) -- Sharjah Islamic Bank has reported an increase in its operating profits before provisions by 8.7 percent, amounting to AED697.7 million, compared to AED642.1 million for the same period last year. The exceptional circumstances that the world is going through, the Bank has been prudent to hedge the potential risks owing to these difficult economic conditions and has made a provision on its financial assets amounting to AED255.8 million, compared to AED96.8 million from the last year. As a result,...