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PIBC posts a net profit of $1.57 million in 2013

2014-02-12

According to Palestine Investment Bank data for year-end preliminary financial statements for year 2013, net profit after taxes reached 1,568,574 USD, compared with a net profit after taxes of 1,826,277 USD in the audited data for 2012, a net decrease of 14.1%. Total assets of the company reached 288,024,977 USD as of December 31^st, 2013, compared to total assets of 258,689,765 USD as of December 31^st, 2012, a net increase of 11.3%. Total liabilities of the company reached 220,471,840 USD as of December 31^st, 2013, compared to total liabilities of 192,755,238 USD as of December 31^st, 2012, a net increase of 14.4%. Net ownership equity of the company reached 67,553,137 USD as of December 31^st, 2013, compared with a net ownership equity of 65,934,527 USD as of December 31^st, 2012, a net increase of 2.5%.