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QUDS reports net income of $10.90 million in 2020

2021-02-16

According to the financial statements of Al-Quds Bank QUDS for the year 2020, Net profit after tax of the period reached 10,899,616 USD Compared with Net profit after tax 7,358,513 USD for 2019, a net increase in profit of 48.12%.Total assets of the company reached 1,399,650,969 USD compared with total assets of 1,328,820,589 USD at the end of year 2019, a net increase of 5.33%.Total liabilities of the company reached 1,279,112,373 USD compared with total liabilities of 1,215,163,790 USD at the end of year 2019, a net increase of 5.26%. Net ownership equity of the company reached 120,538,596 USD (Including Non-Controlling Interests of 1,074,576 USD) compared with total owner equity of 113,656,799 USD (Including Non-Controlling Interests of 0 USD) at the end of year 2019, a net increase of 6.05%.Noting that paid-in capital increased from 90,172,750 USD in year 2019 to 93,172,750 USD of this year,a net increase of 3.33%.