gulfnews : Bank of Sharjah profit down 37% to Dh254m

Bank of Sharjah reported a net profit of Dh254 million in 2011, down 37 per cent from the Dh404 million earned in 2010.
Total provisions were up at Dh215 million compared to Dh80 million in 2010. As of December 31, 2011, the bank's collective impairment provisions were Dh561 million.
The bank's total assets reached Dh20.93 billion, an increase of 2 per cent over the Dh20.61 billion in 2010.

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