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QUDS reports net income of $9.42 million in 9M 2017

2017-10-23

According to the financial statements of Al Quds Bank QUDS for the first nine months of 2017, Net profit after tax of the period reached 9,417,983 USD Compared with Net profit after tax 6,505,967 USD for 2016, a net increase in profit of 44.76%.Total assets of the company reached 1,003,221,624 USD compared with total assets of 960,070,324 USD at the end of year 2016, a net increase of 4.49%.Total liabilities of the company reached 901,778,894 USD compared with total liabilities of 871,003,035 USD at the end of year 2016, a net increase of 3.53%. Net ownership equity of the company reached 101,442,730 USD compared with total owner equity of 89,067,289 USD at the end of year 2016, a net increase of 13.89%.Noting that paid-in capital increased from 61,050,000 USD in year 2016 to 68,376,000 USD of this year,a net increase of 12.00%.