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QUDS posts net income of $9.18 million in 2023

2024-03-17

According to the financial statements of Al-Quds Bank QUDS for year 2023, Net profit after tax of the period reached 9,179,916 USD Compared with Net profit after tax 20,900,561 USD for 2022, a net decrease in profit of 56.08%.Total assets of the company reached 1,508,701,487 USD compared with total assets of 1,452,071,129 USD at the end of year 2022, a net increase of 3.90%.Total liabilities of the company reached 1,353,713,656 USD compared with total liabilities of 1,294,443,867 USD at the end of year 2022, a net increase of 4.57%. Net ownership equity of the company reached 154,987,831 USD (Including Non-Controlling Interests of 2,522,885 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 1.67%.