Bank of Sharjah Management Discussion and Analysis Report for the Period Ended March 31,2026 | premargin
Bank of Sharjah Management Discussion and Analysis Report for the Period Ended March 31,2026
·ADX·Financial Reports | Management Discussion and Analysis Report·May 6, 2026·View on exchange
AI Summary
Bank of Sharjah reported a record net profit of AED 151 million for Q1 2026, a 30% increase year-on-year, primarily driven by a 49.1% surge in net interest income to AED 215 million.
Operating income grew 21.7% to AED 244 million, supported by robust loan growth and a reduction in the cost of funding, which helped offset a 47.7% decline in non-interest income linked to market volatility.