Bank of Sharjah has announced its financial results for the nine-month period ending 30 September 2025, posting a net profit of AED 435 million, up 47% from AED 296 million during the same period last year. On a quarterly basis, net profit reached AED 166 million in Q3 2025, marking a 33% increase compared to AED 125 million in Q3 2024.
These strong results highlight the Bank’s ongoing commitment to sustainable and profitable growth. Moreover, key performance indicators demonstrated marked improvement, as net interest income increased 60% to AED 514 million and operating income rose 46% to AED 713 million. The cost-to-income ratio improved to 29.9%, compared to 36.4% in the prior year, thanks to disciplined cost control and enhanced operational efficiency.
Strong Balance Sheet and Lending Growth
The Bank’s balance sheet continued to expand steadily, with total assets climbing 14% since December 2024 to reach AED 49.6 billion. In addition, net loans and advances increased by 26% to AED 30.7 billion, reflecting strong lending activity and the successful execution of wholesale banking transactions. Customers’ deposits grew 11% to AED 33.1 billion, maintaining a healthy loan-to-deposit ratio of 92.7%.
Commenting on the results, Sheikh Mohammed bin Saud Al Qasimi, Chairman of Bank of Sharjah, stated:
“Bank of Sharjah continues to demonstrate strong performance and strategic consistency, delivering another quarter of solid growth and profitability. Our results for the nine months ended 30 September 2025 reaffirm the Bank’s financial resilience, prudent governance, and commitment to sustainable value creation. The Bank’s robust balance sheet expansion, diversified income streams, and steady improvement in asset quality highlight our ability to perform and grow in a dynamic operating environment.”
He added:
“As we move toward year-end, we remain guided by our core principles of stability, integrity, and long-term vision. Our focus remains on consistent growth, sound risk management, and continued support to the UAE’s economic development and financial strength.”
Sustained Profitability and Strategic Execution
Mohamed Khadiri, CEO of Bank of Sharjah, also expressed his satisfaction with the Bank’s performance, saying:
“With a net profit reaching AED 435 million, exceeding the Bank’s full-year 2024 profits, and with returns on equity and assets reaching multi-year highs, Bank of Sharjah continues to translate strategic intent into measurable outcomes across all areas of the business.”
He further added:
“With a solid foundation and disciplined execution of our strategic priorities, Bank of Sharjah is on track to continue delivering superior performance and long-term value for all stakeholders.”
