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Bank of Sharjah posts Dh309m net profit reporters@khaleejtimes.com Filed on May 2, 2021
Bank of Sharjah has announced its audited results of the year ended December 31, 2020, with total assets standing at Dh36.14 billion, reflecting an increase of 14 per cent and total equity of Dh3.17 billion reflecting an increase of five per cent.
The group continues to enjoy a high asset quality and other robust metrics that remain healthy as a result of strict adherence to maintaining a disciplined and focused approach to lending, recovery and funding. The group also continues to also enjoy comfortable liquidity and a solid capital position with a customer deposit base of Dh23.67 billion, reflecting an increase of 11 per cent for the year, with a loans-to-deposits ratio of 82 per cent and a cost-to-income ratio of 61 per cent.
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They also spoke about international efforts to ensure equitable access to vaccines. Both emphasised
the importance of “accelerating multilateral efforts and concerted action” to recover from the crisis.
Sheikh Mohammed bin Saud Al Qasimi, Crown Prince of Ras Al Khaimah, also met
Mr Heifetz.
He said the a
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