Al-Quds Bank Achieves Profits of $7.6 Million in the First Nine Months of 2025

SadaNews - Despite the difficult conditions facing the Palestinian economy in general due to the war on the Gaza Strip and the tough circumstances in the West Bank resulting from irregular salaries, along with the unstable conditions in the banking sector due to recurring crises and ongoing threats to sever banking relations with the Israeli banking sector, Al-Quds Bank, according to the financial data published by Dr. Samih Al-Ataut, managed to achieve significant growth in pre-tax profits in the third quarter of 2025, reaching $3.8 million in the third quarter compared to $1.1 million in the same quarter of 2024, marking a growth rate of 254% over the same period in 2024.

Net profits after tax for the first nine months of 2025 amounted to approximately $7.6 million, a decrease of 24% from the profits of the same period in 2024, which were around $10 million.

Among the main reasons for the profits and growth achieved during the third quarter is the management's ability to increase its deposits by 3.75%, as total deposits as of 30/9/2025 reached 1.3 billion USD.

Additionally, the management succeeded in growing its credit portfolio by 6.7% compared to the same period in 2024, with total credit facilities amounting to $984 million as of the end of the third quarter of 2025, compared to $922 million at the end of the third quarter of 2024.

It is important to note that the loan-to-deposit ratio remains in a safe range despite an increase from 77% in 2024 to 80% in 2025. The stock is trading at $1.30 as of the session on 18/12/2025, while the book value is $1.55 per share, which raises its fair value, especially as the company possesses an excellent investment portfolio. This is evident from the comprehensive income, which reached $16.5 million with a growth rate of 79% over the same period in 2024.