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Palestine Commercial Bank achieves a net income of $0.28 million in H1 2013

2013-08-14

According to company data for the first six months of the year, net profit after taxes reached 284,671 USD, compared with a net loss of (4,824) USD from the first six months of 2012. Total assets of the company reached 203,730,665 USD as of June 30^th, 2013, compared to total assets of 186,169,212 USD as of December 31^st, 2012, a net increase of 9.4%. Total liabilities of the company reached 175,377,344 USD as of June 30^th, 2013, compared to total liabilities of 158,100,562 USD as of December 31^st, 2012, a net increase of 10.9%. Net ownership equity of the company reached 28,353,321 USD as of June 30^th, 2013, compared with a net ownership equity of 28,068,650 USD as of December 31^st, 2012, a net increase of 1.0% in the last six months.