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QUDS posts net income of $6.50 million in 9M 2016

2016-10-25

According to the financial statements of Al-Quds Bank QUDS for the first nine months of 2016, Net profit after tax of the period reached 6,505,967 USD Compared with Net profit after tax 7,409,865 USD for 2015, a net decrease in profit of 12.20%.Total assets of the company reached 907,926,817 USD compared with total assets of 804,160,135 USD at the end of year 2015, a net increase of 12.90%.Total liabilities of the company reached 823,419,550 USD compared with total liabilities of 727,207,684 USD at the end of year 2015, a net increase of 13.23%. Net ownership equity of the company reached 84,507,267 USD compared with total owner equity of 76,952,451 USD at the end of year 2015, a net increase of 9.82%.Noting that paid-in capital increased from 55,000,000 USD in year 2015 to 61,050,000 USD of this year,a net increase of 11.00%.