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SAFABANK posts net income of $0.17 million in 9M 2023

2023-12-18

According to the financial statements of Al-Safa Bank SAFABANK for the first nine months of 2023, Net profit after tax of the period reached 173,961 USD Compared with Net profit after tax 755,420 USD for 2022, a net decrease in profit of 76.97%.Total assets of the company reached 421,574,987 USD compared with total assets of 393,103,596 USD at the end of year 2022, a net increase of 7.24%.Total liabilities of the company reached 375,771,297 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) compared with total liabilities of 352,183,922 USD (including Total liabilities and restricted & unrestricted investments accounts of the bank ) at the end of year 2022, a net increase of 6.69%. Net ownership equity of the company reached 58,847,887 USD compared with total owner equity of 58,673,926 USD at the end of year 2022, a net increase of 0.30%.