May 12, 2025
Sharjah, UAE – Bank of Sharjah has reported a robust start to the year, achieving a significant increase in profitability during the first quarter of 2025. The Bank’s performance reflects the success of its strategic initiatives, strong risk management practices, and ongoing operational improvements.
Building on its turnaround last year, the Bank maintained a resilient balance sheet and delivered strong results supported by prudent financial management and focused business growth. Operating income recorded a healthy year-on-year increase, supported by a disciplined approach to cost management and continued momentum from 2024.
Bank leadership expressed confidence in the institution’s growth trajectory. The Chairman highlighted the Bank’s progress as a reflection of sustainable development, solid strategy execution, and a resilient business model. He emphasized the favorable economic landscape and the Bank’s readiness to seize emerging opportunities.
The Chief Executive Officer echoed these sentiments, noting that the Bank’s success was driven by growth across various segments, increased client engagement, and a streamlined operating model. He also pointed to diversification of revenue streams and strengthening of customer relationships as key contributors to profitability.
The Bank’s quarterly disclosure showed strong financial health, with capital and liquidity ratios comfortably exceeding regulatory requirements—demonstrating continued stakeholder confidence and operational strength.
Looking ahead, the Bank aims to maintain its growth momentum through innovation, agility, and a commitment to delivering long-term value. Management remains focused on navigating the evolving market environment while building on the gains of its strategic transformation.
About Bank of Sharjah:
Founded in 1973, Bank of Sharjah holds the distinction of being the first commercial bank established in Sharjah. With a long-standing presence in the UAE’s financial sector, the Bank continues to play a key role in supporting economic development through responsible banking and customer-centric strategies.
