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QUDS posts net income of $3.94 million in Q1 2017


According to the financial statements of Al-Quds Bank QUDS for Q1 2017, Net profit after tax of the period reached 3,941,039 USD Compared with Net profit after tax 2,344,491 USD for 2016, a net increase in profit of 68.10%.Total assets of the company reached 994,360,537 USD compared with total assets of 960,070,324 USD at the end of year 2016, a net increase of 3.57%.Total liabilities of the company reached 899,611,455 USD compared with total liabilities of 871,003,035 USD at the end of year 2016, a net increase of 3.28%. Net ownership equity of the company reached 94,749,082 USD compared with total owner equity of 89,067,289 USD at the end of year 2016, a net increase of 6.38%.


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