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Palestine Islamic Bank achieves a net income of $3.36 million in H1 2013

2013-08-12

According to Palestine Islamic Bank Company data for the first six months of the year, net profit after taxes reached 3,361,489 USD, compared with a net profit after taxes of 2,757,616 USD from the first six months of 2012, a net increase of 21.9%. Total assets of the company reached 480,161,754 USD as of June 30th, 2013, compared to total assets of 423,109,279 USD as of December 31st, 2012, a net increase of 13.5%. Total liabilities and unrestricted investments accounts of the bank reached 420,066,458 USD as of June 30th, 2013, compared to total liabilities and unrestricted investments accounts of 365,202,787 USD as of December 31st, 2012, a net increase of 15.0%. Net ownership equity of the company reached 60,095,296 USD as of June 30th, 2013, compared with a net ownership equity of 57,906,492 USD as of December 31st, 2012, a net increase of 3.8% in the last six months. Furthermore, paid-in capital increased from 47,172,207 USD on December 31st, 2012 to 50,000,000 USD by June 30th, 2013, an increase of 6.0%.