Bank of Sharjah net profit up 15% | GulfNews.com

Bank of Sharjah net profit up 15% | GulfNews.com:

"Bank of Sharjah recorded a half yearly net profit of Dh144 million, an increase of 15 per cent compared to the corresponding period last year, the bank said in a statement on Sunday.
The increase in the bank’s net profit is a result of “the strength of its balance sheet and the soundness of its asset quality,” the bank said.
Varouj Nerguizian, executive director and general manager of the Bank of Sharjah, said the bank was expanding “its branch network and augmenting its private banking and wealth management services during 2012. This approach has given the bank a competitive edge and has helped it benefit from the recent growth in the economy and enhance its profitability.”"

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