SHARJAH, UAE – Bank of Sharjah reported a strong financial performance for the first half of 2026, posting a 35% year-on-year increase in net profit to AED 362 million, driven by robust revenue growth, higher net interest income, and disciplined cost management.
The bank’s net operating income rose 26% to AED 553 million, while net interest income surged 45% to AED 465 million compared with the same period last year.
Bank of Sharjah also strengthened its capital position, with its total capital ratio increasing by 463 basis points to 18.7%, while maintaining a cost-to-income ratio of 29%, reflecting continued operational efficiency.
The bank’s balance sheet continued to expand during the period. Total assets increased 10% to AED 53 billion, net loans and advances grew 20% to AED 36.5 billion, and customer deposits rose 6% to AED 33.5 billion, compared with December 2025.
Commenting on the results, Sheikh Mohammed bin Saud Al Qasimi, Chairman of Bank of Sharjah, said the bank delivered another strong performance despite a challenging global environment marked by geopolitical uncertainty, shifting interest rate expectations, and volatile financial markets.
He noted that the UAE economy continued to demonstrate resilience, supported by its diversified economic base, prudent fiscal and monetary policies, and a strong financial sector.
“The Bank’s results reflect the resilience of our business model, the successful execution of our strategic priorities, and the strength of our governance, risk management and capital framework,” he said.
Looking ahead, the chairman expressed confidence in both the UAE economy and the bank’s long-term growth prospects, adding that Bank of Sharjah will continue investing in customer experience, talent, technology, and community initiatives while delivering sustainable value for shareholders.
Mohamed Khadiri, Chief Executive Officer of Bank of Sharjah, said the bank achieved another quarter of record financial performance while making significant progress on strategic initiatives designed to strengthen its operating model, enhance customer experience, expand digital capabilities, and build a more agile and scalable franchise.
He added that despite continued uncertainty in global markets, the bank enters the second half of 2026 from a position of strength, supported by a healthy balance sheet, solid capital and liquidity buffers, and a clear strategic roadmap.
“We remain focused on delivering disciplined and profitable growth while preserving the high standards of risk management and financial resilience that continue to underpin the Bank’s success,” Khadiri said.
