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ISBK achieves net income of $5.05 million in 9M 2013

2013-10-28

According to Palestine Islamic Bank Company ( ISBK)’s data for the first nine months of the year, net profit after taxes reached 5,047,548 USD, compared with a net profit after taxes of 4,218,272 USD from the first nine months of 2012, a net increase of 19.7%. Total assets of the company reached 500,097,745 USD as of September 30^th, 2013, compared to total assets of 423,109,279 USD as of December 31^st, 2012, a net increase of 18.2%. Total liabilities and unrestricted investments accounts of the company reached 438,333,348 USD as of September 30^th, 2013, compared to total liabilities of 365,202,787 USD as of December 31^st, 2012, a net increase of 20.0%. Net ownership equity of the company reached 61,764,398 USD as of September 30^th, 2013, compared with net ownership equity of 57,906,492 USD as of December 31^st, 2012, a net increase of 6.7% in the first nine months. Furthermore, paid-in capital increased from 47,172,207 USD on December 31^st, 2012 to 50,000,000 USD by September 30^th, 2013, an increase of 6.0%.