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Al Quds Bank earns a pretax income of $ 1.854 million in the first quarter of 2010

2010-04-29

Al Quds Bank Company (QUDS) disclosed its financial statements for the first quarter of 2010, and the company’s financial results as of 31/03/2010 indicated a pretax income of $ 1,854,295 comparing to a pretax income of $ 1,882,758 in the first quarter of 2009. The company’s assets reached $ 360,268,697  at the end 31/03/2010 after they reached $ 330,132,209 on 31/12/2009. Total liabilities reached $ 311,704,727 at the end of the first quarter of 2010 comparing to $ 283,372,731 as of 31/12/2009. Shareholders’ equity reached $ 48,563,970 on 31/03/2010 after they reached $ 46,759,478 at the end of 2009.