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Palestine Investment Bank earns a pretax income of $0.97 million in Q1 2011

2011-04-26

Palestine Investment Bank PIBC disclosed its financial results for the first quarter of this year, where they indicated a pretax income of $974,318 compared to an income of $1,286,624 in the first quarter of 2010. Total assets reached $273,546,430 on 31/03/2011 compared to $266,725,202 as of 31/12/2010. Total Liabilities amounted at $208,331,901 on 31/03/2011 after they reached $202,431,199 on 31/12/2010. Total shareholders’ equity settled at $65,214,529 at the end of the first quarter of 2011 compared to $64,294,003 at the end of 2010.