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QUDS posts net income of $9.93 million in 9M 2021

2021-11-01

According to the financial statements of Al-Quds Bank QUDS for the first nine months of 2021, Net profit after tax of the period reached 9,926,377 USD Compared with Net profit after tax 7,917,825 USD for 2020, a net increase in profit of 25.37%.Total assets of the company reached 1,507,177,687 USD compared with total assets of 1,396,882,671 USD at the end of year 2020, a net increase of 7.90%.Total liabilities of the company reached 1,373,627,170 USD compared with total liabilities of 1,276,343,748 USD at the end of year 2020, a net increase of 7.62%. Net ownership equity of the company reached 133,550,517 USD (Including Non-Controlling Interests of 1,544,195 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 10.79%.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%.