Dubai: Sharjah Islamic Bank (SIB) on Wednesday reported a Dh377.2 million net profit for 2014, up 22.8 per cent compared to Dh307 million in 2013.
SIB’s balance sheet (total assets) grew by 19.7 per cent to reach Dh26 billion at the end of 2014 compared to Dh21.7 billion at year end 2013.
The bank’s net customer receivables were at Dh14.5 billion at year-end 2014, up 15.6 per cent compared to Dh12.5 billion at the end of 2013.
Total customer deposits grew 22.6 per cent in 2014 to Dh14.6 billion from Dh11.9 billion at year end 2013.
