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BOP achieves net income of $29.29 million in 9M 2013

2013-10-28

According to Bank of Palestine Company ( BOP)’s data for the first nine months of the year, net profit after taxes reached 29,295,406 USD, compared with a net profit after taxes of 29,760,248 USD from the first nine months of 2012, a net decrease of 1.6%. Total assets of the company reached 2,335,796,683 USD as of September 30^th, 2013, compared to total assets of 2,004,494,095 USD as of December 31^st, 2012, a net increase of 16.5%. Total liabilities of the company reached 2,096,035,937 USD as of September 30^th, 2013, compared to total liabilities of 1,783,520,186 USD as of December 31^st, 2012, a net increase of 17.5%. Net ownership equity of the company reached 239,760,746 USD (including 561,615 USD in Minority Rights) as of September 30^th, 2013, compared with net ownership equity of 220,973,909 USD (including 583,859 USD in Minority Rights) as of December 31^st, 2012, a net increase of 8.5% in the first nine months. Furthermore, paid-in capital increased from 134,000,000 USD on December 31^st, 2012 to 150,000,000 USD by September 30^th, 2013, an increase of 11.9%.