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QUDS posts net income of $14.37 million in 2021

2022-02-15

According to the financial statements of Al-Quds Bank QUDS for the year 2021, Net profit after tax of the period reached 14,365,258 USD Compared with Net profit after tax 10,899,944 USD for 2020, a net increase in profit of 31.79%.Total assets of the company reached 1,562,165,125 USD compared with total assets of 1,396,882,671 USD at the end of year 2020, a net increase of 11.83%.Total liabilities of the company reached 1,424,393,672 USD compared with total liabilities of 1,276,343,748 USD at the end of year 2020, a net increase of 11.59%. Net ownership equity of the company reached 137,771,453 USD (Including Non-Controlling Interests of 1,595,110 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 14.30%.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%.