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QUDS posts net income of $11.18 million for the year 2017

2018-02-07

According to the financial statements for Al Quds Bank QUDS for the year 2017, Net profit after tax of the period reached 11,180,462 USD Compared with Net profit after tax 10,470,704 USD for 2016, a net increase in profit of 6.78%.Total assets of the company reached 1,075,629,534 USD compared with total assets of 960,072,367 USD at the end of year 2016, a net increase of 12.04%.Total liabilities of the company reached 972,898,860 USD compared with total liabilities of 871,005,078 USD at the end of year 2016, a net increase of 11.69%. Net ownership equity of the company reached 102,730,674 USD compared with total owner equity of 89,067,289 USD at the end of year 2016, a net increase of 15.34%.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%