Bank of Sharjah Reports Exceptional Nine-Month Performance with 28.5% Profit Growth
The leading financial institution announces net profit of AED 558 million, underscoring robust operational execution and resilience amid evolving global conditions
Bank of Sharjah has unveiled impressive financial results for the nine-month period concluding 30 September 2026, demonstrating sustained momentum and exceptional performance across its portfolio of core operations. The institution reported net profit of AED 558 million, representing a remarkable ascent of 28.5% compared to the corresponding period in the preceding year, a testament to the efficacy of its strategic execution and the underlying strength of its diversified business model.
The Bank’s operational performance reflected comprehensive growth across its revenue streams. Net operating income advanced by 22.7% to reach AED 851 million, whilst net interest income achieved particularly robust expansion, increasing by 39.5% to AED 717 million. These figures underscore the institution’s disciplined approach to revenue generation and its adeptness in navigating contemporary market dynamics.
The financial institution maintained exemplary control over its operational expenditures, with the cost-to-income ratio remaining admirably contained at 28.8%, illustrating the effectiveness of its efficiency initiatives. Concurrently, the Bank’s capital position strengthened considerably, with the total capital ratio expanding by 190 basis points to 18.9%, affirming its robust financial foundation and capacity for future growth.
The Bank’s balance sheet exhibited substantial expansion during the nine-month period. Total assets reached AED 54.9 billion, expanding by 13.5% from December 2025, whilst net loans and advances ascended to AED 37.7 billion, representing growth of 24%. Customer deposits rose to AED 34 billion, increasing by 7.8% over the same comparative period, reflecting the confidence placed in the institution by its clientele.
Sheikh Mohammed bin Saud Al Qasimi, Chairman of Bank of Sharjah, commended the institution’s resilience in navigating a challenging international landscape characterised by geopolitical tensions and persistent inflationary pressures. He observed that the UAE economy has demonstrated remarkable stability, supported by its diversified economic foundations and prudent policy frameworks. The Chairman emphasised the Bank’s commitment to disciplined execution, strengthening its customer proposition and supporting the communities it serves.
Mohamed Khadiri, Chief Executive Officer of Bank of Sharjah, expressed satisfaction with the results, attributing the performance to three years of consistent and rigorous implementation of the Bank’s transformation strategy. He highlighted the contribution of growth in lending activities, disciplined balance sheet management and operational efficiency gains. The Chief Executive emphasised the institution’s focus on advancing strategic initiatives aimed at enhancing the customer experience and expanding its digital capabilities as it enters the final quarter of the year.
Source: WAM