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QUDS posts net income of $10.47 million at the end of 2016


According to the financial statements of Al-Quds Bank QUDS for the year 2016, Net profit after tax of the period reached 10,470,704 USD Compared with Net profit after tax 8,018,747 USD for 2015, a net increase in profit of 30.58%.Total assets of the company reached 960,070,324 USD compared with total assets of 804,160,135 USD at the end of year 2015, a net increase of 19.39%.Total liabilities of the company reached 871,003,035 USD compared with total liabilities of 727,207,684 USD at the end of year 2015, a net increase of 19.77%. Net ownership equity of the company reached 89,067,289 USD compared with total owner equity of 76,952,451 USD at the end of year 2015, a net increase of 15.74%.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%.


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