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QUDS posts net income of $8.24 million in 9M 2019

2019-11-06

According to the financial statements of Al-Quds Bank QUDS for the first nine months of 2019, Net profit after tax of the period reached 8,241,345 USD Compared with Net profit after tax 6,346,303 USD for 2018, a net increase in profit of 29.86%.Total assets of the company reached 1,267,087,568 USD compared with total assets of 1,213,025,128 USD at the end of year 2018, a net increase of 4.46%.Total liabilities of the company reached 1,152,539,276 USD compared with total liabilities of 1,101,582,019 USD at the end of year 2018, a net increase of 4.62%. Net ownership equity of the company reached 114,548,292 USD compared with total owner equity of 111,443,109 USD at the end of year 2018, a net increase of 2.79%.Noting that paid-in capital increased from 83,570,667 USD in year 2018 to 90,172,750 USD of this year,a net increase of 7.90%.