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Palestine Investment Bank achieved a net profit before tax of $0.91 million in Q1 2013

2013-04-22

According to company data for the first three months of the year, net profit before tax reached 906,284 USD, compared with a net loss before tax of (310,729) USD from the first three months of 2012. Total assets of the company reached 270,715,380 USD as of March 31st, 2013, compared to total assets of 258,689,765 USD as of December 31st, 2012, a net increase of 4.6%. Total liabilities of the company reached 204,075,510 USD as of March 31st, 2013, compared to total liabilities of 192,755,238 USD as of December 31st, 2012, a net increase of 5.9%. Net ownership equity of the company reached 66,639,870 USD as of March 31st, 2013, compared with a net ownership equity of 65,934,527 USD as of December 31st, 2012, a net increase of 1.1% in the first three months.

 


 

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