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Al-Quds Bank achieves pretax income of $1.55 million in Q1 2013

2013-04-25

According to Al-Quds Bank Company ( QUDS)’s data for the first three months of the year, net profit before tax reached 1,554,015 USD, compared with a net profit before tax of 1,791,475 USD from the first three months of 2012, a net decrease of 13.3%. Total assets of the company reached 489,064,190 USD as of March 31^st, 2013, compared to total assets of 480,906,793 USD as of December 31^st, 2012, a net increase of 1.7%. Total liabilities of the company reached 429,155,392 USD as of March 31^st, 2013, compared to total liabilities of 422,921,107 USD as of December 31^st, 2012, a net increase of 1.5%. Net ownership equity of the company reached 59,908,798 USD as of March 31^st, 2013, compared with net ownership equity of 57,985,686 USD as of December 31^st, 2012, a net increase of 3.3% in the first three months.