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QUDS records net income of $2.27 million in Q1 2014

2014-04-27

According to Al-Quds Bank QUDS data for the first three months of the year, net profit before taxes reached 2,267,620 USD, compared with a net profit before taxes of 1,554,015 USD from the first three months of 2013, a net increase of 45.9%. Total assets of the company reached 536,452,748 USD as of March 31^st, 2014, compared to total assets of 531,873,355 USD as of December 31^st, 2013, a net increase of 0.9%. Total liabilities of the company reached 470,806,367 USD as of March 31^st, 2014, compared to total liabilities of 466,881,435 USD as of December 31^st, 2013, a net increase of 0.8%. Net ownership equity of the company reached 65,646,381 USD as of March 31^st, 2014, compared with a net ownership equity of 64,991,920 USD as of December 31^st, 2013, a net increase of 1.0% in the first three months.