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Palestine Islamic bank (ISBK) realizes a pretax loss of $ 0.23 million in the first half of 2010

2010-08-16

Palestine Islamic Bank (ISBK) 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 loss of $ 0.23 million compared to pretax income of $ 96,295 in the first half of 2009. The company’s assets reached $ 368.49 million at the end 30/06/2010 after they reached $ 299.13 million on 31/12/2009. Total liabilities reached $ 129.63 million at the end of the first half of 2010 compared to $ 82.51 million as of 31/12/2009. Shareholders’ equity reached $ 35.98 on 30/06/2010 after they reached $ 36.37 million at the end of 2009.