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Palestine Islamic Bank earns a pretax income of $1.55 million in Q1 2011

2011-04-21

Palestine Islamic Bank ISBK disclosed its financial results for the first quarter of this year, where they indicated a pretax income of $1,547,380 compared to a loss of $(351,993) in the first quarter of 2010. Total assets reached $364,760,074 on 31/03/2011 compared to $357,481,026 as of 31/12/2010. Total Liabilities amounted at $ 117 ,502,382 on 31/03/2011 after they reached $110,409,439 on 31/12/2010, while unrestricted investment accounts Liabilities amounted at $197,913,955 on 31/03/2011 after they reached $199,025,230 on 31/12/2010. Total shareholders’ equity settled at $49,343,737 at the end of the first quarter of 2011 compared to $48,046,357 at the end of 2010.