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Bank of Palestine BOP reports a net income of $18.71 million in H1 2013

2013-08-18

According to company data for the first six months of the year, net profit after taxes reached 18,712,082 USD, compared with a net profit after taxes of 18,290,422 USD from the first six months of 2012, a net increase of 2.3%. Total assets of the company reached 2,181,799,362 USD as of June 30^th, 2013, compared to total assets of 2,004,494,095 USD as of December 31^st, 2012, a net increase of 8.8%. Total liabilities of the company reached 1,952,840,812 USD as of June 30^th, 2013, compared to total liabilities of 1,783,520,186 USD as of December 31^st, 2012, a net increase of 9.5%. Net ownership equity of the company reached 228,958,550 USD (including 564,706 USD in Non-controlling interest) as of June 30^th, 2013, compared with a net ownership equity of 220,973,909 USD (including 583,859 USD in Non-controlling interest) as of December 31^st, 2012, a net increase of 3.6% in the last six months. Furthermore, paid-in capital increased from 134,000,000 USD on December 31^st, 2012 to 150,000,000 USD by June 30^th, 2013, an increase of 11.9%.