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QUDS posts net income of $11.22 million in 2019

2020-02-16

According to the financial statements of Al-Quds Bank QUDS for the year 2019, Net profit after tax of the period reached 11,223,643 USD Compared with Net profit after tax 11,595,841 USD for 2018, a net decrease in profit of 3.21%.Total assets of the company reached 1,330,552,045 USD compared with total assets of 1,213,025,128 USD at the end of year 2018, a net increase of 9.69%.Total liabilities of the company reached 1,213,030,117 USD compared with total liabilities of 1,101,582,019 USD at the end of year 2018, a net increase of 10.11%. Net ownership equity of the company reached 117,521,928 USD compared with total owner equity of 111,443,109 USD at the end of year 2018, a net increase of 5.45%.Noting that paid-in capital increased from 83,570,667 USD in year 2018 to 90,172,750 USD of this year,a net increase of 7.90%.