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QUDS records net income of $2.26 million in Q1 2018


According to the financial statements of Al Quds Bank QUDS for the quarter of 2018, Net profit after tax of the period reached 2,257,496 USD Compared with Net profit after tax 3,941,039 USD for 2017, a net decrease in profit of 42.72%.Total assets of the company reached 1,073,543,344 USD compared with total assets of 1,075,629,534 USD at the end of year 2017, a net decrease of 0.19%.Total liabilities of the company reached 968,221,469 USD compared with total liabilities of 972,898,860 USD at the end of year 2017, a net decrease of 0.48%. Net ownership equity of the company reached 105,321,875 USD compared with total owner equity of 102,730,674 USD at the end of year 2017, a net increase of 2.52%.


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