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QUDS posts net income of $5.01 million in Q1 2022

2022-05-16

According to the financial statements of Al-Quds Bank QUDS for the 1st Quarter of 2022, Net profit after tax of the period reached 5,009,661 USD Compared with Net profit after tax 2,438,253 USD for 2021, a net increase in profit of 105.46%.Total assets of the company reached 1,543,945,181 USD compared with total assets of 1,562,165,309 USD at the end of year 2021, a net decrease of 1.17%.Total liabilities of the company reached 1,398,953,954 USD compared with total liabilities of 1,424,393,983 USD at the end of year 2021, a net decrease of 1.78%. Net ownership equity of the company reached 144,991,227 USD (Including Non-Controlling Interests of 1,879,875 USD) compared with total owner equity of 137,771,326 USD (Including Non-Controlling Interests of 1,595,286 USD) at the end of year 2021, a net increase of 5.24%.