Sharjah Bank announced its financial results for the year ending December 31, 2024. According to the report, the bank recorded an 8% increase in net profit compared to the previous year, reaching a milestone of 150 million dollars.
Sharjah Bank emphasized its stability and sustainability, ensuring customers reliable financial support even in conditions of economic instability. It also noted successful risk management, which contributed to strengthening its market position and increasing trust in the institution.
As part of the income diversification strategy, the bank increased the volume of issued loans, which led to an increase in net interest margin. Moreover, the bank actively continues to invest in digital technologies, improving service quality for customers and enhancing operational efficiency.
"Our results for the past year confirm the bank's successful strategy and its ability to adapt to changing market conditions," noted a bank representative.
Sharjah Bank remains one of the leading financial institutions in the region, striving for further strengthening of its market position and ensuring stable growth.
