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PIBC achieves a net profit of $2.47 million in 9M 2013

2013-10-27

According to Palestine Investment Bank data for the first nine months of the year, net profit after taxes reached 2,472,799 USD, compared with a net profit after taxes of 1,296,018 USD from the first nine months of 2012, a net increase of 90.8%. Total assets of the company reached 284,941,763 USD as of September 30^th, 2013, compared to total assets of 258,689,765 USD as of December 31^st, 2012, a net increase of 10.1%. Total liabilities of the company reached 217,138,643 USD as of September 30^th, 2013, compared to total liabilities of 192,755,238 USD as of December 31^st, 2012, a net increase of 12.6%. Net ownership equity of the company reached 67,803,120 USD as of September 30^th, 2013, compared with a net ownership equity of 65,934,527 USD as of December 31^st, 2012, a net increase of 2.8% in the first nine months.