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ISBK earns net income of $6.34 million in 2013

2014-02-17

According to Palestine Islamic Bank Company ( ISBK) data for year-end preliminary financial statements for year 2013, net profit after taxes reached 6,345,205 USD, compared with a net profit after taxes of 5,825,988 USD in the audited data for 2012, a net increase of 8.9%.Total assets of the company reached 501,959,570 USD as of December 31^st, 2013, compared to total assets of 423,109,279 USD as of December 31^st, 2012, a net increase of 18.6%. Total liabilities and unrestricted investments accounts of the bank reached 438,677,576 USD as of December 31^st, 2013, compared to total liabilities and unrestricted investments accounts of 365,202,787 USD as of December 31^st, 2012, a net increase of 20.1%. Net ownership equity of the company reached 63,281,994 USD as of December 31^st, 2013, compared with a net ownership equity of 57,906,492 USD as of December 31^st, 2012, a net increase of 9.3%.