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QUDS posts net income of $7.92 million in 9M 2020

2020-10-19

According to the financial statements of Al-Quds Bank QUDS for the first nine months of 2020, Net profit after tax of the period reached 7,917,825 USD Compared with Net profit after tax 8,241,345 USD for 2019, a net decrease in profit of 3.93%.Total assets of the company reached 1,303,910,893 USD compared with total assets of 1,328,820,589 USD at the end of year 2019, a net decrease of 1.87%.Total liabilities of the company reached 1,187,436,911 USD compared with total liabilities of 1,215,163,790 USD at the end of year 2019, a net decrease of 2.28%. Net ownership equity of the company reached 116,473,982 USD (Including Non-Controlling Interests of 747,266 USD) compared with total owner equity of 113,656,799 USD (Including Non-Controlling Interests of 0 USD) at the end of year 2019, a net increase of 2.48%.Noting that paid-in capital increased from 90,172,750 USD in year 2019 to 93,172,750 USD of this year,a net increase of 3.33%