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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 31^st, 2013, compared to total assets of 258,689,765 USD as of December 31^st, 2012, a net increase of 4.6%. Total liabilities of the company reached 204,075,510 USD as of March 31^st, 2013, compared to total liabilities of 192,755,238 USD as of December 31^st, 2012, a net increase of 5.9%. Net ownership equity of the company reached 66,639,870 USD as of March 31^st, 2013, compared with a net ownership equity of 65,934,527 USD as of December 31^st, 2012, a net increase of 1.1% in the first three months.