Bank Of Sharjah Achieves AED 268 Million Net Profit In First Half Of 2025

Bank of Sharjah has reported its financial performance for the first half of 2025, showing a net profit of AED268 million. This marks a 57% increase compared to AED171 million in the same period last year. The bank's quarterly net profit also rose to AED152 million in Q2 2025, up by 31% from AED116 million in Q1 2025.

The impressive results for the first half of 2025 highlight the bank’s strategic focus on sustainable growth. Key performance indicators improved significantly, with both funded and non-funded income contributing strongly. Net interest income increased by 55%, while operating income saw a rise of 51%. The cost-to-income ratio also improved to 31%, reflecting the bank's commitment to cost control.

Sheikh Mohammed bin Saud Al Qasimi, Chairman of Bank of Sharjah, stated, "Bank of Sharjah has maintained strong momentum in the first half of 2025, building on the solid results achieved in the first quarter. Our record net profit reflects enhanced business performance, operational efficiency, and financial resilience. These results are driven by steady balance sheet growth, a well-diversified business mix, improved operational capabilities, and a prudent approach to risk."

The bank's balance sheet remains strong with a loan-to-deposits ratio at 93%. Liquidity levels are highly comfortable, and capital adequacy is robust with a ratio of 14%. Tier1/CET1 capital ratios are around 13%, underscoring the bank’s solid capital position. Sheikh Mohammed bin Saud Al Qasimi further expressed confidence in the bank’s strategic direction and ability to deliver sustainable returns while maintaining conservative risk management.

CEO Mohamed Khadiri commented on the ongoing strategic transformation: "Our strategic transformation is well underway, and our first-half performance reflects the tangible progress we are making across all business lines. We have successfully expanded and diversified our balance sheet, strengthened customer relationships, and improved cross-selling capabilities, delivering solid results."

Future Outlook

Khadiri also highlighted future goals: "Bank of Sharjah remains firmly focused on sustainable, profitable growth through prudent capital deployment and sound risk governance. With a strong foundation and improving fundamentals, we are well positioned to deliver consistent returns for our shareholders while contributing to the ongoing growth and diversification of the UAE economy."

The bank's core strengths include operational efficiency and prudent risk management. These efforts aim to enhance shareholder value continuously. The positive financial outcomes reflect these strengths as well as ongoing efforts towards sustainable growth.

With inputs from WAM