On April 2nd, 1995 Quds Bank was established as a public share holding company, with a capital of US$ 20 million divided into 20 million shares, for 1 dollar a share.
On August 20th 2005 the bank’s capital was increased by US$ 5 million in a private subscription, bringing the overall capital to US$ 25 million dollars with the same nominal value.
On July 26th 2006, the bank’s general assembly voted to increase its capital to US$ 50 million, with the same nominal value, paid in full.
The bank practices its business activities through its headquarter located in Ramallah, Al Massiyoun, as well as its various branches and offices spread all over the country.
The bank operates on a modern and highly developed basis in an effort to fulfill all economical and developmental needs of individuals, companies and institutions, for large sectors of the Palestinian economy, including:
· Checking accounts, Term deposits, and Saving accounts available in all main currencies to serve businessmen, merchants, and individuals.
· Offering saving account packages that suit all sections of the Palestinian society, such as:
- Quds Investment Account.
- Win Gold.
- Save and Learn.
· Supporting all economic sectors by providing the necessary financing, such as Overdraft accounts, All kinds of loans, and Bill discounting.
· Encouraging external and local business by opening documentary credits for importing and exporting purposes.
· Supporting the contractors sector by issuing all kinds of warranties and providing the necessary financing for project completion.
· The bank offers various packages of personal financing programs such as:
- Permanent Advance.
- “Dream House” Loan.
- Purchases Loan.
- Car Loans.
- Professionals Loan.
- Education Loans.
- Checks collection.
- Payment of bills; water and electricity, and other taxes and fees.
· Local and international transfers worldwide via SWIFT and Western Union.
· ATM Service and credit cards.
· The bank’s treasury department is responsible for buying and selling foreign currencies to the benefit of its branches and customers, fulfilling their every need.
· The bank’s investment committee and through its treasury department, undertakes investing some of the Bank’s money surplus.
· The bank offers consultative services to customers when needed.
· The bank offers customers the Safety box service to safeguard their documents and valuable possessions.
Quds Bank...The nation’s and citizen’s bank
http://www.youtube.com/watch?v=2mlF7Pp-2i4