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Bank of Sharjah announced its financial results for the six months ended June 30 via a statement distributed by Emirates News Agency. The lender recorded net operating income of AED 553 million, a 26 percent increase, while net interest income climbed 45 percent to AED 465 million during the period. The performance reflects continued focus on core businesses even as global markets experienced volatility from geopolitical developments and shifting interest rates.
The statement from the bank detailed solid expansion across the balance sheet compared with December 2025 levels. Total assets reached AED 53 billion after a 10 percent gain, net loans and advances rose 20 percent to AED 36.5 billion and customer deposits increased 6 percent to AED 33.5 billion. These figures build on earlier momentum, including a first-quarter net profit of AED 151 million that a prior Zawya report attributed to the same institution.
Capital and efficiency metrics also improved markedly according to the bank’s release. The total capital ratio stood at 18.7 percent, higher by 463 basis points, while the cost-to-income ratio held steady at 29 percent. Such indicators underscore the lender’s disciplined approach to risk management and operational costs in a competitive UAE banking environment.
Sheikh Mohammed bin Saud Al Qasimi, Chairman of Bank of Sharjah, stated, “The first half of 2026 unfolded against a complex and evolving global backdrop, shaped by geopolitical developments, shifting interest rate expectations, and continued volatility across international financial markets. Despite these external headwinds, the UAE economy once again demonstrated exceptional resilience, supported by its diversified economic foundations, prudent fiscal and monetary policies, and the strength of its financial system.” He added that the bank delivered strong results reflecting resilience of its business model, successful execution of strategic priorities, and strength of its governance, risk management and capital framework.
The chairman further noted in the statement that the bank remains confident in the long-term prospects of both the UAE economy and the institution itself. He said the strategy will continue with discipline while enhancing the customer proposition, investing in people and capabilities, supporting communities, and delivering sustainable long-term value for shareholders and stakeholders. The comments align with broader sector trends where several UAE banks have posted double-digit profit gains this year according to multiple Zawya compilations of earnings releases.
Mr. Mohamed Khadiri, CEO of Bank of Sharjah, commented, “We delivered yet another quarter of record financial performance, achieving a 39% year-on-year increase in net profit while continuing to strengthen our key financial and operating metrics. Beyond our financial performance, we continued to make meaningful progress on a number of strategic initiatives aimed at further strengthening the Bank’s operating model, enhancing customer experience, investing in digital capabilities, and building a more agile and scalable franchise capable of supporting sustainable long-term growth.” He added that the bank enters the second half from a position of strength with healthy balance sheet, strong capital and liquidity buffers, and a clear strategic roadmap focused on disciplined and profitable growth.
Khadiri’s remarks in the WAM-distributed statement emphasised preservation of high standards of risk management and financial resilience. The results arrive as the UAE banking sector continues to benefit from non-oil economic expansion and diversified revenue streams, a pattern visible in earnings from peer institutions reported across regional wire services earlier in 2026. Bank of Sharjah operates as a listed entity on the Dubai Financial Market where its shares reflect investor response to such quarterly updates.
