The Bank recorded a net profit of AED 362 million, marking a 35% increase compared to AED 268 million in 2025, driven by revenue growth and disciplined execution across its core businesses.

Revenue growth and strong financial indicators

Net operating income increased by 26% to AED 553 million, while net interest income rose by 45% to AED 465 million. The Bank’s total capital ratio also increased by 463 basis points to 18.7%, while the cost-to-income ratio remained stable at 29%, reflecting continued operational efficiency.

The Bank maintained balance sheet growth, with total assets reaching AED 53 billion, up 10% compared to December 2025. Net loans and advances increased to AED 36.5 billion, while customer deposits rose to AED 33.5 billion.

Chairman highlights bank’s resilience and growth strategy

Sheikh Mohammed bin Saud Al Qasimi, Chairman of Bank of Sharjah, said the results reflect the Bank’s resilience, strategic execution, and strong governance framework despite global economic challenges, including geopolitical developments and changing market conditions.

He highlighted the UAE economy’s continued strength, supported by diversified economic foundations and sound financial policies, adding that the Bank remains focused on enhancing customer services, investing in capabilities, supporting communities, and delivering sustainable value for shareholders.

CEO highlights strategic progress and future outlook

Mohamed Khadiri, CEO of Bank of Sharjah, praised the Bank’s record performance, noting the 39% year-on-year increase in net profit during the quarter and continued improvements across key financial and operational indicators.

He said the Bank remains focused on strengthening its operating model, enhancing customer experience, expanding digital capabilities, and building a more agile platform for sustainable growth.

Khadiri added that the Bank enters the second half of the year from a position of strength, supported by a strong balance sheet, capital and liquidity buffers, and a clear strategy focused on disciplined growth and effective risk management.