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QUDS posts net income of $8.19 million in 2015

2016-02-15

According to the financial statements of Al-Quds Bank QUDS for the year 2015, Net profit after tax of the period reached 8,186,383 USD Compared with Net profit after tax 7,232,904 USD for 2014, a net increase in profit of 13.18%.Total assets of the company reached 803,488,047 USD compared with total assets of 669,362,172 USD at the end of year 2014, a net increase of 20.04%.Total liabilities of the company reached 726,367,960 USD compared with total liabilities of 598,814,889 USD at the end of year 2014, a net increase of 21.30%. Net ownership equity of the company reached 77,120,087 USD compared with total owner equity of 70,547,283 USD at the end of year 2014, a net increase of 9.32%.Noting that paid-in capital increased from 50,000,000 USD in year 2014 to 55,000,000 USD of this year,a net increase of 10.00%.