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QUDS posts net income of $2.64 million in Q1 2015


According to Al-Quds Bank QUDS's data for Q1 2015, Net profit before tax of the period reached 2,638,699 USD Compared with Net profit before tax 2,267,620 USD for 2014, a net increase in profit of 16.36%.Total assets of the company reached 673,748,773 USD compared with total assets of 669,362,172 USD at the end of year 2014, a net increase of 0.66%.Total liabilities of the company reached 601,258,590 USD compared with total liabilities of 598,814,889 USD at the end of year 2014, a net increase of0.40%. Net ownership equity of the company reached 72,490,183 USD compared with total owner equity of 70,547,283 USD at the end of year 2014, a net increase of 2.75%.


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