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Bank of Sharjah said in a statement that net profit for the six months ended June 30 reached AED 362 million, a 35 percent increase from AED 268 million in the same period a year earlier, with the second quarter contributing a 39 percent rise on its own. Net operating income climbed 26 percent to AED 553 million over the first half while net interest income expanded 45 percent to AED 465 million, according to the lender’s announcement released through the Emirates News Agency. The figures reflect growth across key income lines for the period.
The statement placed the cost-to-income ratio at 29 percent for the period even as the total capital ratio strengthened to 18.7 percent, an increase of 463 basis points. Such changes indicate the bank’s focus on operational efficiency and capital management that has positioned it above regulatory requirements. The announcement detailed these metrics as part of the half-year overview.
On the balance sheet, total assets grew 10 percent from the end of December 2025 to AED 53 billion as of June 30, the bank reported. Net loans and advances expanded 20 percent to AED 36.5 billion while customer deposits rose 6 percent to AED 33.5 billion over the same timeframe. These shifts occurred as the lender pursued its strategic priorities.
In the statement, Chairman Sheikh Mohammed bin Saud Al Qasimi attributed the performance to the UAE economy’s resilience despite geopolitical developments, interest rate shifts and market volatility. The chairman noted that the bank’s strategic execution had been central to delivering the results in a challenging external environment. Al Qasimi pointed to the outcomes as validation of the institution’s approach.
Chief Executive Officer Mohamed Khadiri described the first-half results as reflecting progress on strategic initiatives in digital capabilities and customer experience, according to the announcement. Khadiri indicated that the bank remains confident in its outlook for the second half thanks to capital buffers and risk management practices. The CEO stated that these elements support continued advancement through the remainder of 2026.
The bank’s results align with sector-wide expansion, with Central Bank of the UAE data showing that aggregate assets of banks operating in the country increased 17.7 percent year-on-year in the first quarter of 2026 to AED 5.56 trillion. Gross credit facilities rose 20.3 percent annually during that period, the regulator’s quarterly monetary and banking report found. Bank of Sharjah’s 20 percent expansion in net loans tracked the industry pace outlined in the central bank assessment.
