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AL-Quds Bank earns a pretax income of $1.8 million in Q1 2011


AL-Quds Bank QUDS disclosed its financial results for the first quarter of this year, where they indicated a pretax income of $1,810,661 compared to $1,854,295 in the first quarter of 2010. Total assets reached $439,645,303 on 31/03/2011 compared to $426,533,834 as of 31/12/2010. Total Liabilities amounted at $387,275,558 on 31/03/2011 after they reached $376,100,638 on 31/12/2010. Total shareholders’ equity settled at $52,369,745 at the end of the first quarter of 2011 compared to $50,433,196 at the end of 2010.



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