Abu Dhabi – Mubasher: Sharjah Islamic Bank (SIB) posted a 26.7% year-on-year (YoY) increase in the net profits attributable to the shareholders to AED 514.07 million in 2021, compared to AED 405.83 million in 2020, according to the bank's consolidated financials for the year ended 31 December 2021.
The bank's net income from financing and investment products jumped to AED 1.09 billion in 2021 from AED 973.94 million in the earlier year.
The bank's assets amounted to AED 54.96 billion in 2021, up from AED 53.6 billion in 2020.
The basic and diluted earnings per share (EPS) settled at AED 0.17 last year, versus AED 0.13 in 2020.
It is noteworthy to mention that during the first nine months (9M) of 2021, SIB recorded AED 458.02 million net profits attributable to the shareholders, up 29.6% from AED 353.38 million in the year-ago period.
