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PCB records net income of $0.11 million in 2013

2014-02-13

According to Palestine Commercial Bank company PCB data for year-end preliminary financial statements for year 2013, net profit after taxes reached 114,682 USD, compared with a net profit after taxes of 62,167 USD in the audited data for 2012, a net increase of 84.5%. Total assets of the company reached 237,296,000 USD as of December 31^st, 2013, compared to total assets of 186,169,212 USD as of December 31^st, 2012, a net increase of 27.5%. Total liabilities of the company reached 208,870,185 USD as of December 31^st, 2013, compared to total liabilities of 158,100,562 USD as of December 31^st, 2012, a net increase of 32.1%. Net ownership equity of the company reached 28,425,815 USD as of December 31^st, 2013, compared with a net ownership equity of 28,068,650 USD as of December 31^st, 2012, a net increase of 1.3%.