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Bank of Sharjah Group has reported a pre-provision net profit of Dhs175 million for the period ended Sept.30, 2021. Upon application of Dhs1,475 million
Bank of Sharjah on Thursday announced the results of the year ended 31 December 2019. The following Management Discussion and Analysis include financial results for Bank of Sharjah and its subsidiaries, together referred to as the ‘Group’.
The pandemic-induced circumstances have helped accelerate digital transformation in banking sector, paving the way for some other new trends having big impacts, a top bank executive told Emirates News Agency (WAM).
Assets of national banks accounted for 87.8 per cent of gross banking sector's assets of Dhs3.442 trillion by end of last May, against 12.2 per cent for foreign banks.
The new banknote has been distributed to banks and exchange houses, according the CBUAE statement. Polymer banknotes can contain many more security features than paper banknotes.
Bank of Sharjah has announced that it has received regulatory approvals from the UAE Central Bank and Abu Dhabi Securities Exchange for its Dhs100 million (4.76%) bonus share issue.
Established as the first bank in Sharjah and the fifth in the UAE, Bank of Sharjah has been instrumental in fostering the nation's robust economic growth over the years.
Bank of Sharjah (the Bank or the Group), one of the leading commercial banks in the UAE, announced its audited financial results for the year ended Dec.31, 2022.
The facility was significantly oversubscribed due to strong market demand, which enabled the Govt. of Sharjah to tap $500 million instead of the initial amount of $400 million, said the Bank's CEO Mohamed Khadiri.
Bank of Sharjah (BoS), one of the leading commercial banks in the UAE, announced the approval to increase the capital by Dhs800 million during its Annual General Meeting held on 4 May 2023.