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QUDS posts net income of $6.41 million in H1 2021

2021-08-17

According to the financial statements of Al-Quds Bank QUDS for the first half of 2021, Net profit after tax of the period reached 6,411,001 USD Compared with Net profit after tax 6,079,477 USD for 2020, a net increase in profit of 5.45%.Total assets of the company reached 1,446,447,780 USD compared with total assets of 1,396,882,671 USD at the end of year 2020, a net increase of 3.55%.Total liabilities of the company reached 1,315,624,179 USD compared with total liabilities of 1,276,343,748 USD at the end of year 2020, a net increase of 3.07%. Net ownership equity of the company reached 130,823,601 USD (Including Non-Controlling Interests of 1,524,268 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 8.53%.Noting that paid-in capital increased from 93,172,750 USD in year 2020 to 96,433,796 USD of this year,a net increase of 3.50%.