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QUDS records net income of $11.59 million at the end of 2018

2019-02-18

According to the financial statements of Al Quds Bank QUDS for the year 2018, Net profit after tax of the period reached 11,595,841 USD Compared with Net profit after tax 11,180,462 USD for 2017, a net increase in profit of 3.72%.Total assets of the company reached 1,213,025,128 USD compared with total assets of 1,075,629,534 USD at the end of year 2017, a net increase of 12.77%.Total liabilities of the company reached 1,101,582,019 USD compared with total liabilities of 972,898,860 USD at the end of year 2017, a net increase of 13.22%. Net ownership equity of the company reached 111,443,109 USD compared with total owner equity of 102,730,674 USD at the end of year 2017, a net increase of 8.48%.Noting that paid-in capital increased from 68,376,000 USD in year 2017 to 83,570,667 USD of this year,a net increase of 22.22%