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QUDS posts net income of $5.87 million in 9M 2014

2014-10-28

According to Al-Quds Bank QUDS’ data for the first nine months of the year, net profit after taxes reached 5,867,423 USD, compared with a net profit after taxes of 4,525,748 USD from the first nine months of 2013, a net increase of 29.6%. Total assets of the company reached 636,206,367 USD as of September 30^th, 2014, compared to total assets of 532,582,375 USD as of December 31^st, 2013, a net increase of 19.5%. Total liabilities of the company reached 566,419,849 USD as of September 30^th, 2014, compared to total liabilities of 467,590,455 USD as of December 31^st, 2013, a net increase of 21.1%. Net ownership equity of the company reached 69,786,518 USD as of September 30^th, 2014, compared with a net ownership equity of 64,991,920 USD as of December 31^st, 2013, a net increase of 7.4% in the first nine months.