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QUDS posts net income of $7.23 million at the end of 2014

2015-02-15

According to Al-Quds Bank Company QUDS’s data for year-end preliminary financial statements for year 2014, net profit after tax reached 7,232,904 USD, compared with a net profit after tax of 4,739,649 USD in the audited data for 2013, a net increase of 52.6%. Total assets of the company reached 669,362,172 USD as of December 31st , 2014, compared to total assets of 532,582,375 USD as of December 31st, 2013, a net increase of 25.7%. Total liabilities of the company reached 598,814,889 USD as of December 31st , 2014, compared to total liabilities of 467,590,455 USD as of December 31st, 2013, a net increase of 28.1%. Net ownership equity of the company reached 70,547,283 USD as of December 31st , 2014, compared with a net ownership equity of 64,991,920 USD as of December 31st , 2013, a net increase of 8.5%.