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Palestine Commercial Bank achieves pretax income of $0.50 million in Q1 2013

2013-04-24

According to Palestine Commercial Bank Company ( PCB)’s data for the first three months of the year, net profit before tax reached 498,740 USD, compared with a net profit before tax of 671,369 USD from the first three months of 2012, a net decrease of 25.7%. Total assets of the company reached 187,329,235 USD as of March 31^st, 2013, compared to total assets of 186,169,212 USD as of December 31^st, 2012, a net increase of 0.6%. Total liabilities of the company reached 158,761,845 USD as of March 31^st, 2013, compared to total liabilities of 158,100,562 USD as of December 31^st, 2012, a net increase of 0.4%. Net ownership equity of the company reached 28,567,390 USD as of March 31^st, 2013, compared with net ownership equity of 28,068,650 USD as of December 31^st, 2012, a net increase of 1.8% in the first three months.