Monday 30, July 2012 by Robin Amlôt
Bank of Sharjah reports H1 net income down 19 per cent to AED 125 million
Bank of Sharjah said it sustained its balance sheet structure and the soundness of its assets during the first half of 2012, increasing net interest income by five per cent. This was achieved by reducing the cost of funding, mainly on customer deposits, despite the increase in deposits. Also, net fees and commissions income increased by seven per cent.
