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QUDS posts net income of $4.74 million in 2013

2014-02-13

According to Al-Quds Bank company QUDS data for year-end preliminary financial statements for year 2013, net profit after taxes reached 4,739,649 USD, compared with a net profit after taxes of 3,267,925 USD in the audited data for 2012, a net increase of 45.0%. Total assets of the company reached 532,128,819 USD as of December 31^st, 2013, compared to total assets of 480,906,793 USD as of December 31^st, 2012, a net increase of 10.7%. Total liabilities of the company reached 467,136,899 USD as of December 31^st, 2013, compared to total liabilities of 422,921,107 USD as of December 31^st, 2012, a net increase of 10.5%. Net ownership equity of the company reached 64,991,920 USD as of December 31^st, 2013, compared with a net ownership equity of 57,985,686 USD as of December 31^st, 2012, a net increase of 12.1%.