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SAFABANK realizes net loss of $0.88 million in 2023

2024-03-17

According to the financial statements of Al-Safa Bank SAFABANK for the year 2023, Net Loss after tax of the period reached (878,969) USD Compared with Net profit after tax 1,052,568 USD for 2022.Total assets of the company reached 426,637,931 USD compared with total assets of 393,103,596 USD at the end of year 2022, a net increase of 8.53%.Total liabilities of the company reached 388,438,004 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 10.29%. Net ownership equity of the company reached 57,794,957 USD compared with total owner equity of 58,673,926 USD at the end of year 2022, a net decrease of 1.50%.