As one of the most important public banks of Sharjah, Bank of Sharjah (BOS) has a huge clientele, owing to the personalized and efficient services offered by different departments. Bank of Sharjah has a thirty three years experience in the banking sector, specializing in the field of commercial banking. Headquartered in Sharjah, the Bank has branches in Al Ain, Abu Dhabi and Dubai as well.
Bank of Sharjah Profile
Bank of Sharjah is among the small banks of United Arab Emirates, with merely three branches in Sharjah. Ever since its inception, Bank of Sharjah has earned immense fame and reputation as one of the most successful commercial banks in Sharjah. It was only in 1973 -74, that it began functioning as a public shareholding company, according to a banking license released by the Central Bank of the UAE.
The operation of the Bank of Sharjah is under the supervision of the Banque Paribas in France. The Bank's capital assets have increased to AED 200 million from AED 130 million, within a span of four years. This capital increase also includes a late stock split, varying from 1 to 10, which increased the share number to 20 million, each of AED 10 value. In fact, the overall efficiency of the Bank earned it the BB+ rank in 1999 December. Today, the capital ratio of the Bank is immense; as high as 31.2%,
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which is the source of its basic financial affluence and strength.
Among the efficient Bank of Sharjah services rendered to local people and the foreigners, Retail Banking, Investment Banking, Commercial Banking, are worth mentioning.
Affiliates and Shareholders of the Bank of Sharjah
Being a public holding bank in Sharjah, the public shares of the Bank of Sharjah amount to 58%, whereas the government shares include 20%-21%. The remaining 22% of the Bank shares are with the private investors. The government, people and promoters being the principal shareholders of the Bank, account for 82.7% of its total shares. The rest of it comprises foreign shares, accounting for 17.30%. At present, the Bank is going through the process of enhancing the limits of its foreign shares up to 30%.
Location of Bank of Sharjah ATMs
In Sharjah, there are only two ATMs of the Bank of Sharjah, one located in the main branch office at Al Hosn Avenue and the other in the office of Sharjah Electricity and Water Authority (SEWA) in the Al Khan region.
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