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Bank of Palestine achieves pretax income of $14.36 million in Q1 2013

2013-04-23

According to Bank of Palestine Company ( BOP)’s data for the first three months of the year, net profit before tax reached 14,362,620 USD, compared with a net profit before tax of 13,169,970 USD from the first three months of 2012, a net increase of 9.1%. Total assets of the company reached 2,160,676,225 USD as of March 31st, 2013, compared to total assets of 2,004,494,095 USD as of December 31st, 2012, a net increase of 7.8%. Total liabilities of the company reached 1,928,260,489 USD as of March 31st, 2013, compared to total liabilities of 1,783,520,186 USD as of December 31st, 2012, a net increase of 8.1%. Net ownership equity of the company reached 232,415,736 USD (including 562,785 USD in Non-controlling interest) as of March 31st, 2013, compared with a net ownership equity of 220,973,909 USD (including 583,859 USD in Non-controlling interest) as of December 31st, 2012, a net increase of 5.2% in the first three months.