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QUDS posts net income of $5.23 million in Q1 2023

2023-05-16

According to the financial statements of Al-Quds Bank QUDS for the 1st Quarter of 2023, Net profit after tax of the period reached 5,234,717 USD Compared with Net profit after tax 5,009,661 USD for 2022, a net increase in profit of 4.49%.Total assets of the company reached 1,435,618,377 USD compared with total assets of 1,452,071,129 USD at the end of year 2022, a net decrease of 1.13%.Total liabilities of the company reached 1,281,638,022 USD compared with total liabilities of 1,294,443,867 USD at the end of year 2022, a net decrease of 0.98%. Net ownership equity of the company reached 153,980,355 USD (Including Non-Controlling Interests of 2,504,502 USD) compared with total owner equity of 157,627,262 USD (Including Non-Controlling Interests of 2,283,228 USD) at the end of year 2022, a net decrease of 2.31%.