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QUDS posts net income of $2.76 million in Q1 2016


According to the financial statements of Al-Quds Bank QUDS for Q1 2016, Net profit after tax of the period reached 2,758,226 USD Compared with Net profit after tax 2,638,699 USD for 2015, a net increase in profit of 4.53%.Total assets of the company reached 781,231,792 USD compared with total assets of 804,160,135 USD at the end of year 2015, a net decrease of 2.85%.Total liabilities of the company reached 701,527,749 USD compared with total liabilities of 727,207,684 USD at the end of year 2015, a net decrease of 3.53%. Net ownership equity of the company reached 79,704,043 USD compared with total owner equity of 76,952,451 USD at the end of year 2015, a net increase of 3.58%.


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