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QUDS achieves net income of $4.52 million in 9M 2013

2013-10-29

According to Al-Quds Bank Company ( QUDS)’s data for the first nine months of the year, net profit after taxes reached 4,525,748 USD, compared with a net profit after taxes of 2,326,599 USD from the first nine months of 2012, a net increase of 94.5%. Total assets of the company reached 517,674,901 USD as of September 30^th, 2013, compared to total assets of 480,906,793 USD as of December 31^st, 2012, a net increase of 7.6%. Total liabilities of the company reached 454,598,822 USD as of September 30^th, 2013, compared to total liabilities of 422,921,107 USD as of December 31^st, 2012, a net increase of 7.5%. Net ownership equity of the company reached 63,076,079 USD as of September 30^th, 2013, compared with net ownership equity of 57,985,686 USD as of December 31^st, 2012, a net increase of 8.8% in the first nine months.