SIB profits in 9 months surge to Dhs208.7m

Sharjah Islamic Bank (SIB) announced on Tuesday, its results for the first nine months of 2012 with a net profit of Dhs208.7 million, compared to 204.7 million achieved in the same period last year with an increase of 2 per cent. The balance sheet grew since December 2011 with total Assets reaching Dhs17.9 billion compared with Dhs17.7 billion which is 1.0 per cent. Net customer receivables reached Dhs10.5 billion compared to Dhs10.4 billion on December 2011 with an increase of 1.0 per cent and customer deposits reached Dhs11.2 billion, compared with Dhs10.4 billion with an increase of 7.6 per cent since December 2011. From gulftoday