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Bank of Palestine earns a pretax income of $13.79 million in Q1 2011

2011-04-24

Bank of Palestine BOP disclosed its financial results for the first quarter of this year, where they indicated a pretax income of $13,788,557 compared to an income of $8,772,535 in the first quarter of 2010. Total assets reached $1,508,813,694 on 31/03/2011 compared to $1,545,038,022 as of 31/12/2010. Total Liabilities amounted at $1,329,846,446 on 31/03/2011 after they reached $1,381,153,772 on 31/12/2010. Total shareholders’ equity settled at $178,967,248 (minority interests of $577,273) at the end of the first quarter of 2011 compared to $163,884,250 (minority interests of $574,339) at the end of 2010.