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Palestine Investment Bank achieved a net profit of $1.36 million in H1 2013

2013-08-15

According to company data for the first six months of the year, net profit after taxes reached 1,362,280 USD, compared with a net profit after taxes of 573,015 USD from the first six months of 2012, a net increase of 137.7%. Total assets of the company reached 268,859,922 USD as of June 30^th, 2013, compared to total assets of 258,689,765 USD as of December 31^st, 2012, a net increase of 3.9%. Total liabilities of the company reached 202,178,042 USD as of June 30^th, 2013, compared to total liabilities of 192,755,238 USD as of December 31^st, 2012, a net increase of 4.9%. Net ownership equity of the company reached 66,681,880 USD as of June 30^th, 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 last six months.