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QUDS posts net income of $20.90 million in 2022

2023-02-15

According to the financial statements of Al-Quds Bank QUDS for the year 2022, Net profit after tax of the period reached 20,900,561 USD Compared with Net profit after tax 14,364,633 USD for 2021, a net increase in profit of 45.50%.Total assets of the company reached 1,452,323,063 USD compared with total assets of 1,562,165,309 USD at the end of year 2021, a net decrease of 7.03%.Total liabilities of the company reached 1,294,695,801 USD compared with total liabilities of 1,424,393,983 USD at the end of year 2021, a net decrease of 9.10%. Net ownership equity of the company reached 157,627,262 USD (Including Non-Controlling Interests of 2,283,228 USD) compared with total owner equity of 137,771,326 USD (Including Non-Controlling Interests of 1,595,286 USD) at the end of year 2021, a net increase of 14.41%.Noting that paid-in capital increased from 96,433,796 USD in year 2021 to 100,000,000 USD of this year,a net increase of 3.70%