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QUDS posts net income of $2.44 million in Q1 2021

2021-06-01

According to the financial statements of Al-Quds Bank QUDS for the 1st Quarter of 2021, Net profit after tax of the period reached 2,438,253 USD Compared with Net profit after tax 2,956,259 USD for 2020, a net decrease in profit of 17.52%.Total assets of the company reached 1,401,531,598 USD compared with total assets of 1,396,882,671 USD at the end of year 2020, a net increase of 0.33%.Total liabilities of the company reached 1,275,396,477 USD compared with total liabilities of 1,276,343,748 USD at the end of year 2020, a net decrease of 0.07%. Net ownership equity of the company reached 126,135,121 USD (Including Non-Controlling Interests of 1,264,695 USD) compared with total owner equity of 120,538,923 USD (Including Non-Controlling Interests of 1,083,974 USD) at the end of year 2020, a net increase of 4.64%.