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QUDS posts net income of $13.63 million in 9M 2023

2023-12-18

According to the financial statements of Al-Quds Bank QUDS for the first nine months of 2023, Net profit after tax of the period reached 13,627,248 USD Compared with Net profit after tax 14,536,314 USD for 2022, a net decrease in profit of 6.25%.Total assets of the company reached 1,414,227,904 USD compared with total assets of 1,452,071,129 USD at the end of year 2022, a net decrease of 2.61%.Total liabilities of the company reached 1,255,097,926 USD compared with total liabilities of 1,294,443,867 USD at the end of year 2022, a net decrease of 3.03%. Net ownership equity of the company reached 159,129,978 USD (Including Non-Controlling Interests of 2,475,678 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 increase of 0.95%.