Bank of Sharjah reported a net profit of Dh268 million for the six months ending June 30, 2025, up 57% from Dh171 million a year earlier. In the second quarter, profit climbed to Dh152 million, a 31% rise from Dh116 million in Q1.
The increase stems from a 55% rise in net interest income and a 51% boost in operating income. These gains were supported by increased funding activity and non-interest revenue. Meanwhile, the cost-to-income ratio improved to 31%, reflecting stronger cost discipline.
On balance sheet health, the loan-to-deposit ratio stood at 93%, with liquidity described as “highly comfortable”. The bank maintained a capital adequacy ratio of 14%, and Tier 1/CET1 ratio near 13%.
Chief Executive Muhammad Khadiri said the bank has expanded and diversified the balance sheet, strengthened client relationships and cross-selling, signalling “tangible progress across all business lines”. Looking forward, he said the bank will continue its focus on prudent capital deployment and risk governance to deliver sustainable returns and support the UAE’s economic diversification.
Sector outlook and positioning
In Q1, larger UAE banks collectively showed improved deposit growth, loan expansion and lower cost-income ratios, though net interest margins contracted. Bank of Sharjah’s performance aligns with these sector-wide trends but outpaces peers in margin growth and cost control.
