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Palestine Investment Bank (PIBC) earns a pretax income of $ 3.04 million in the first half of 2010

2010-08-15

Palestine Investment Bank (PIBC) disclosed its semi- annual financial statements for the first half of 2010, and the company’s financial results as of 30/06/2010 indicated a pretax income of $ 3.04 million compared to pretax income of $ 2.74 million in the first half of 2009. The company’s assets reached $ 243.91 million at the end 30/06/2010 after they reached $ 245.62 million on 31/12/2009. Total liabilities reached $ 179.80 million at the end of the first half of 2010 compared to $ 184.54 million as of 31/12/2009. Shareholders’ equity reached $ 64.10 million on 30/06/2010 after they reached $ 61.08 million at the end of 2009, noting that the bank’s paid up capital rose from $40 million in 31/12/2009 to $50 million as of 30/06/2010.