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BOP records net income of $40.44 million in 2013

2014-02-11

According to Bank of Palestine data for year-end preliminary financial statements for year 2013, net profit after taxes reached 40,438,831 USD, compared with a net profit after taxes of 38,347,397 USD in the audited data for 2012, a net increase of 5.5%. Total assets of the company reached 2,348,045,943 USD as of December 31^st, 2013, compared to total assets of 2,004,494,095 USD as of December 31^st, 2012, a net increase of 17.1%. Total liabilities of the company reached 2,096,026,969 USD as of December 31^st, 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 252,018,974 USD (including 631,739 USD in Non-controlling interest) as of December 31^st, 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 14.0%. Furthermore, paid-in capital increased from 134,000,000 USD  on December 31^st, 2012 to 150,000,000 USD  by December 31^st, 2013, an increase of 11.9%.